PDAX now faces a big problem due to a mistake in selling a BITCOIN for 300,000 pesos instead of 2.3 Million Pesos. I was lucky and I took out a few coins yesterday to put on coins.ph to my son's bank that I borrowed to pay for car gasoline.

PDAX decided to reverse orders of unfunded transactions that found their way into the trading platform last Feb. 16, affecting about 2,800 users accounts.

PDAX, a cryptocurrency exchange, which began retail operations in 2019, has witnessed a steady increase in Filipinos’ interest in cryptocurrencies amid the pandemic. It experienced an increase in transactions up to 70 times its norm during the past 11 months and saw 15 times growth in users.

Read the full article here at the Philippine Star and anywhere in the news and article in the Philippines you can find it.

Posted Using LeoFinance ^Beta