Could the launch of this cryptocurrency have caused the Binance Smart Chain to crash?
Tough day for cryptocurrency investors. After several hours of waiting, the BSC network seems to have recovered from its outage and some seem to think they have found the reason behind this bug.
According to observers and reports, the launch time of Scam Coin ($SCAM) on PancakeSwap seems to coincide with the time of the BSC network crash. Experts seem to think that it is the name of this cryptocurrency that would create a bug in a filter of the Binance Smart Chain.
As the chart below indicates, $SCAM was launched shortly after 4PM CET.
According to DownDetector, the reports of failed transactions would have been detected shortly after 4PM.
Ironically, and according to their website Scam Coin’s objective seems to be fighting scams in the cryptocurrency sector. It remains to be seen if the BSC network outage is really related to Scam Coin or if it is just a funny coincidence.