Coinberry is pursuing legal action to claw back the misappropriated Bitcoins from its customers.
The Toronto-based crypto exchange Coinberry has reportedly lost around $3 million in Bitcoin due to a software glitch in 2020. It was during a software upgrade that erroneously enabled users to purchase BTC with Canadian dollars that had yet to be properly transferred to their accounts.
In the end, users would then cancel the original e-transfer, thereby retaining their own funds and getting free bitcoin, the lawsuit said.Coinberry even contacted 546 affected registered users by email and demanded the return of the misappropriated funds. Following the request, only 23 Bitcoins were returned.
Binance reportedly acknowledged detecting a significant quantity of the misappropriated funds and restricted any access to the accounts. “The company is committed to prevent bad actors from using the platform, which includes a world-renowned investigative team.”
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