Huobi Sends $400k to Wrong User Accounts
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,....
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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....
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....
Top Crypto Exchange Huobi Global has said it will suspend all China-based user accounts later this year. The exchange said in an announcement on Sunday that it has discontinued account registration for new users in Mainland China. This event comes after China’s central bank intensifies its crackdown on crypto activities. Last week, China intensified a crackdown on cryptocurrencies. […]
Think you're having a rough Monday morning? Probably not as bad as the guy in this next story and his mistake of epic proportions. Up on the bitcoin page at Reddit.com is a story that's no short of eye-catching. It starts with said user trying to send a bitcoin address funds. Except - oh dear - it's the wrong address. It's happened before, and it will continue to happen in the future, likely. But the amount sent is what's really eye-popping. In the words of the original poster: "If you just received 800 Bitcoin out of the blue, it was from me". You read that right. Eight hundred bitcoins.....
Do you wonder why the Bitcoin price suddenly have increased this weekend? Take a look at the graph below of the Huobi trading volume. They have an insane trading volume now with more than 200 Bitcoins being traded every minute. They beat both Mt. Gox, Bitstamp and BTC China. So why has Huobi surpassed BTC China in trading volume? It has been said that current exchanges in China have used their CEO's personal bank accounts to start it off. BTC China's CEO Bobby Lee has been able to put up corporate bank accounts because of the risk involving his own personal bank account.While Thus Li Lin,....