A DeFi Project Stops All Vaults Due to CoinMarketCap Issue

DeFi project, DeFiChain, was on Coinbase and CoinMarketCap yesterday evening. experienced in price movements announced that it has stopped all Vaults due to problems.

DeFiChain posted on its official Twitter account after the problem was detected. “Due to an issue with the CoinMarketCap API, all Vaults are temporarily suspended and user balances are secured.” shared the statement.

The problem that occurred in Coinbase and CoinMarketCap caused cryptocurrencies to be displayed much higher than their current prices.

Despite users seeing great value in their wallets, CoinMartketCap said “What was it like to be a trillionaire for a while?” in the post found. CoinMarketCap made another post after a while, saying that the price problems were resolved.

Coinbase, on the other hand, in price movements experienced After the problems, he said that the problem was only a display error and did not affect the trading transactions. After the system glitch at Coinbase in November, some users reported that their accounts were locked and throughout the week. unable to process had reported.

He did not give an explanation as to why the two companies were facing such an error.


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