Huobi Accidentally Sends 920 BTC and 8100 LTC to Wrong Account
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....
Related News
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,....
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....
According to a post today on Reddit, it would appear as if Chinese bitcoin exchange Huobi has made a modification to their account funding process. Previously, the exchange allowed consumers to fund their accounts with one of two options: Use Huobi CEO Thus Li Lin's personal bank account with China Merchants Bank (which allowed for ATM deposits and third-party transfers). Use Huobi's business bank account with China Construction Bank (does not support ATM deposits of third-party transfers). The aforementioned post indicates that the first option has been removed, stopping any interaction....
Just yesterday we wrote a post explaining the recent Bitcoin price jump which was caused by big demand on the Chinese Bitcoin trading platform Huobi. They have been using their CEO's personal bank accounts in multiple banks to manage deposits and withdrawals. This has ended today. As the reddit user yqfpmz tells us he has checked Huobi's funding option for the past week. There have been two options to fund your Huobi account: RMB transfer to Li Lin's personal bank account at China Merchants Bank, registered in Shangdi, Beijing, account number 6214 8501 0139 6403 (supported ATM deposits,....
Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer’s account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds.
Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 Million
The Australian Supreme Court of Victoria released a default judgment Friday in a case where crypto exchange Crypto.com accidentally transferred more than AUD$10.47 million ($7.26 million) to a customer’s account on May 20, 2021.
The crypto firm made claims....