Glitch Allows Customers to Purchase $20 Trillion Bitcoin for $0...

in bitcoin •  7 years ago  (edited)

These exchanges seem like a real achilles heel in the crypto space.

We had the NEM (XEM) fiasco last month where more than $500 million of the cryptocurrency were stolen from a Japanese exchange called Coincheck and a glitch with Coinbase more recently where peoples bank accounts were drained and the list goes on.

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There seems to be yet another supposed glitch where an exchange called Zaif which of 1 of the 16 officially recognised exchanges in Japan allowed 7 people from Japan to purchase a mammoth amount ($20 trillion) Bitcoin for $0.

Zaif has since voided 6 of those 7 transactions but it seems they are having trouble with one of them, these kinds of transactions are not actually possible as the current market cap of BTC is $181.5 billion and the amounts mentioned far exceed the total BTC in existence.

There is not a boatload of information on these events but you can read more about it HERE.

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