
Crypto exchange Coinberry hit by glitch, users lose $3M in bitcoin
– Coinberry, a Toronto-based cryptocurrency exchange, says a software glitch temporarily allowed over 500 users to take 120 bitcoin, worth $3 million.
– In a lawsuit filed in June, the company says it still hasnt recovered two-thirds of the stolen bitcoin.
– A software upgrade in 2020 accidentally let users purchase bitcoin in Canadian dollars that didnt exist in their accounts.
– The issue was fixed, but not before over 500 of its customers had caught on and cashed in.
– After making contact with customers, it recovered about 37 bitcoin from 270 users.
– However, the lawsuit only names 50 users who stole 63 bitcoin, leaving 20 BTC and over 200 users out of the filing.

Share this:
Related
More Stories
Huge Trouble’ Looming for Bitcoin and Ethereum as $10 Billion Earthquake Could Cause Price Chaos
-Bitcoin and cryptocurrencies have been left reeling by the sudden collapse of major crypto exchange FTX this month (though Elon...
Crypto needs regulation to avoid washouts like FTX, says Coinbase CEO Brian Armstrong
FTX declared bankruptcy after revelations about its business practices led to a surge of customer withdrawals, without sufficient funds to...
Slight Bitcoin Bullishness Continues Despite Market Cap Drop
The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. -However,...
Ethereum to fuel bullrun to $2,000 in coming weeks
- Ethereum's performance last week outperformed Bitcoin's by three times on the weekly chart. - Experts believe that Ethereum's burning...
JPMorgan’s Recent Experiment Proves Crypto is Here to Stay!
Ethereum was created in 2013, laying the foundation for cryptocurrency to take the largest step in its evolution since the...
tWhy Bitcoin and Ethereum Investors Are Losing Money
- Investors in Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies are losing money at a historic pace - The news...