So I recently came across a website where it’s showing that you can exchange 1 BTC = 340 Ethereum, while the current market rate is around 1 BTC = 34 ETH. That’s literally 10x more ETH than the actual value, which obviously makes it look suspicious. I’m not sure whether this is some kind of pricing bug, a glitch in their system, low liquidity manipulation, or an intentional scam to attract users.
Has anyone else seen something like this before? Is it even technically possible for an exchange to show such a massive price difference without it being arbitraged instantly? I didn’t try to deposit or connect my wallet because it feels risky. Just wanted to ask the community what you guys think — bug, scam, or something else?
Would appreciate any insights before I dig deeper into it.