Huobi Blunder: Exchange Sends Over 900 BTC to Wrong Users
Chinese bitcoin/litecoin exchange Huobi is catching some flak today following a serious blunder that took place Wednesday evening, in which the company's customer service wrongly sent 920 bitcoins and 8,100 litecoins to 27 users. To put that into perspective, that's about $400,000 USD and $36,000 USD, respectively. Upon learning of the events unfolding, Huobi said it temporarily halted withdrawals, but those withdrawals have since resumed. Huobi confirmed the incident on social networking website Weibo today: Last night, our customer service made a mistake when processing users' withdrawal....
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One of China's top exchanges, Huobi, revealed that it temporarily lost 920 BTC and 8,100 LTC - worth about $411,000 - yesterday, but added that it had recovered the majority of the assets. Huobi posted on its official Weibo account that a customer service representative had erroneously deposited the coins to 27 user accounts. The exchange said that its security department was alerted at 3am this morning and its withdrawal systems were temporarily suspended. An investigation was launched, and 880 BTC and 5,400 LTC were returned to the exchange by customers who received the funds in error,....
Huobi, one of China's largest Bitcoin exchanges revealed Thursday morning that it had lost 920 BTC and 8,100 LTC on Wednesday. The value of the lost funds stood at $411,000 as on Thursday morning. In a statement posted on its Weibo account, the company revealed that one of its customer service representatives had sent the money to the wrong accounts - 27 of them - by mistake. The security department at Huobi was alerted at 3 am Thursday morning, which led to a temporary suspension of its withdrawal systems. Customers who received the funds in error returned a total of 880 BTC and 5,400 LTC....
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