Coinbase went haywire Tuesday night when the popular cryptocurrency platform began allowing users to trade bitcoin cash, a fork of bitcoin that’s supposed to be more scalable.
Shortly after trading opened, the price of bitcoin cash rocketed to a high of $8,500, more than double what it had been on Monday. The price that Coinbase displayed was also almost triple what was being quoted on other exchanges. The erratic jump, even by cryptocurrency standards, unhinged some jaws on Twitter and, as The Verge pointed out, led some to allege something untoward was afoot.