THE KOREAN CRYPTO-EXCHANGE ACCIDENTALLY SENT CRYPTOCURRENCY WORTH MORE THAN $5 MILLION TO ITS USERS

As a result of a technical error, the Korean crypto-exchange Coinzest sent various cryptocurrencies totaling more than $5 million to its users. Some traders hurried to get rid of the unexpected “gift”, because of which the price of BTC on the site fell to $50. Now the administration Coinzest plans to return these funds.

The incident occurred as a result of an attempt to organize airdrop tokens of the We Game Tokens (WGT) project. Some traders also got Korean won due to server issues.

By January 19th, Coinzest managed to restore the server and return about half of the lost Korean currency, and now the site plans to cancel erroneous transactions, although it does not specify how it is going to do that. While the administration of the exchange asked to return the funds voluntarily. However, some traders who accidentally received crypto assets hurried to get rid of them, which is why the price of bitcoin on the site at some point fell to $50.

 

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