Earlier today, the Syscoin backend team released a tweet saying that they are “investigating a potential issue with their blockchain” and that they had asked exchanges to temporarily stop trading their native currency until the issue had been further looked into.

While no exact information regarding the cause of the problem was provided, it has now come to light that recently a user bought 1 SYS for a whopping 96 BTC. This is not only shocking but also quite alarming to say the least— especially considering how company representatives chose not to even address the aforementioned issue via social media.

As things currently stand, Syscoin possesses a market cap of around $183.7 Million (USD) with each individual token selling for nearly $0.28. Over the course of the past 24 hours, SYS has experienced a value surge that has been more than any other crypto player in the market.

Image courtesy of Shutterstock.com


None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.