Customer Tries to Withdraw $20 Trillion in Crypto Exchange Glitch

A system error at a Japanese cryptocurrency exchange saw a user attempt to make off with a huge amount of bitcoin, according to reports.

The Zaif exchange, operated by Osaka-based Tech Bureau Corp., saw the brief glitch last week which enabled traders to make crypto purchases for free, according to Reuters.

As customers realized the situation, a number attempted to make the most of the 20-minute window for free coins. One, according to the Asahi Shimbun, even placed a order for bitcoin worth 2,200 trillion yen ($20 trillion) at the time; then moving to quickly sell it again.

Tech Bureau Corp. announced yesterday that the incident had occurred on Feb. 16, detailing that seven customers had obtained cryptocurrencies at zero cost.

The firm later cancelled the transactions and corrected the users’ balances, Asahi indicates. However, a Reuters source suggests that the correction is still being negotiated with one of the seven users who attempted to transfer the free bitcoin away from the Zaif platform.

At least one customer attempted to resell their bitcoin, according to Asahi, but the large amount of cryptocurrency offered soon drew attention, even outside the exchange…

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