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Modulus CEO: PDAX Collapse Under Heavy Volume Highlights Importance of Quality Crypto Exchange Technology

Reports indicate that PDAX, the largest cryptocurrency exchange in Southeast Asia, failed under heavy volume, as Bitcoin began trading at $6,000, nearly 90% below market pricing. The exchange announced that the incident was not caused by hackers, but that, instead, it was a glitch triggered by high activity. The exchange has asked for traders to…