Syscoin’s team took precautions to confirm the issues and requested a temporary halt of trading across cryptocurrency exchanges while they investigated. The issues, however, have reportedly been resolved.
Peculiar activity on the Syscoin blockchain took place at block 87670, as more than one billion coins were transferred on the same block. This triggered a red flag of hacking speculations as since the cryptocurrency’s total possibly supply is set to 888 million.
Reports on the issue surfaced after Syscoin’s team came forward with a public statement
