Revolut confirms it has fixed a third-party pricing issue; BTC briefly showed an incorrect price of $0.02

According to a May 11 report by Cryptopolitan, a Revolut spokesperson confirmed that the cryptocurrency mispricing issue that appeared in the app on May 8 has been fixed, and the cause of the malfunction has been attributed to an unnamed third-party pricing services provider. Revolut said that no trades were executed at the wrong prices during the incident, and the company is still investigating the root cause of the event.

Incident Timeline and Affected Coins

According to Cryptopolitan, the malfunction occurred at around 23:45 UTC on May 8, 2026, and after a brief period it returned to normal. During the malfunction, the following price anomalies were shown in the Revolut app:

· Bitcoin (BTC): displayed around $0.02, while major exchanges at the same time quoted near $79,000, with a pricing deviation of about 99.99997%

· The Bitcoin 24-hour chart also showed a drop to around $39,900 at one point

· Ether (ETH): displayed below $2,200

· Solana (SOL): displayed around $85

· XRP: displayed close to $1.25

· Stablecoins such as USDC and USDT also showed incorrect pricing

According to Cryptopolitan, some users received erroneous push notifications indicating that Bitcoin had reached a 52-week low of $0.02. The above issue only appeared on the Revolut platform; the underlying market prices of cryptocurrencies on other exchanges remained stable throughout the event.

Revolut’s Official Statement and Repair Status

According to Cryptopolitan, Revolut publicly stated during the incident that engineers were actively working to fix the problem and assured users that no trades would be executed at incorrect prices. The spokesperson later confirmed that the malfunction had been resolved, attributing the cause to a third-party pricing services provider, but did not disclose the specific vendor name. The company said it is still investigating.

After the malfunction was repaired, the platform’s cryptocurrency prices immediately returned to normal levels, with BTC back above $80,000 and ETH rising to above $2,300. Revolut has more than 70 million global users.

Dave Florman, a crypto industry tracker known for following market incidents, said the event was a display error rather than a real market crash, and noted that the malfunction simultaneously affected multiple crypto assets on the Revolut platform.

FAQ

What was the cause of the incident where Revolut showed BTC at $0.02?

According to Cryptopolitan, a Revolut spokesperson confirmed that the cause was an unnamed third-party pricing services provider. The incident occurred at around 23:45 UTC on May 8, 2026. The company is currently still investigating the specific root cause.

Did this incident cause any trades to be executed at incorrect prices?

According to Revolut’s official statement, no trades were executed at incorrect prices during the incident. After the malfunction was fixed, the platform prices returned to normal immediately, and the underlying cryptocurrency market remained stable throughout the entire event.

Which crypto assets were affected by this incident?

According to Cryptopolitan, the affected assets included Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP, and stablecoins such as USDC and USDT. All displayed prices were far below the actual market value.