Not sure that I agree that it "does not impact trading" since so much trading is done by bots / algorithms these days. Bad data definitely impacts trading.
I think what they mean is that no one can actually sell for these inflated prices, since each trade requires two parties, and no one is buying at these prices.
I think were witnissing a major hack/breakdown of the space.
Wouldnt be surprised to see a big crash now.
Seems like hackers found a way to manipulate the rates. Let's see if they found a way to get their ill gotten gains off of the many platforms affected by this.