In a shocking turn of events, Bitcoin, the world’s most popular cryptocurrency, has fallen to a negative value, meaning that investors now have to pay money to crypto exchanges to get rid of their Bitcoins.
The unprecedented crash was caused by a glitch in the blockchain system, which reversed the direction of Bitcoin transactions. Instead of sending Bitcoins from one wallet to another, the system started deducting Bitcoins from the sender’s wallet and adding them to the receiver’s wallet.
As a result, millions of investors who tried to sell their Bitcoins in panic ended up owing money to the crypto exchanges, who demanded immediate payment or threatened to sue.
“This is a nightmare,” said Jack Smith, a 42-year-old investor who lost his life savings and now owes $50,000 to Coinbase. “I thought Bitcoin was the future of money, but now it’s the end of me.”
The crypto community is scrambling to find a solution to the problem, but so far no one has been able to fix the glitch or restore the value of Bitcoin. Some experts have suggested that the only way out is to create a new cryptocurrency and start from scratch.