The crash happened off-chain—most exchanges do not process transactions on chain as it would take several minutes for confirmations to go through—and thus is pr

The crash happened off-chain—most exchanges do not process transactions on chain as it would take several minutes for confirmations to go through—and thus is probably not connected to the Status ICO and network clogging. What happened was a massive sell-off resulted in a significant price drop, causing margin orders to liquidate and successive drops in price. This previously happened last month with Kraken.