Yesterday I posted about the weird stuff happening at HitBTC. The post is trending for hitbtc.

Today I woke up to find that weirdness continues and in fact becomes worse. SBD was trading at $50 and surprisingly the 24 hour volume was also fairly high exceeding $500K much beyond Bitrrex's $116K.

Then I headed to CoinMarketCap feed. It was showing $1.74, which meant it finally dropped HitBTC from its average. At least the CoinMarketCap feed isn't skewed anymore.

Other Steemians have also blogged about this SBD pump at HitBTC.

Who in his right mind would buy SBD for $50 when it's trading at other exchanges at $1.7?

I just don't get it

Source

But then moments ago I saw this post from Hive account@socky claiming that HitBTC is definitely not trading SBD. So what is HitBTC trading? I am not a trading expert, but is that even possible? I mean trading a fake currency pretending to be SBD?

Enlighten me please.

And, of course follow, upvote and resteem 😀