Brazilian crypto exchange has major "oops" moment.
According to recent reports, Brazilian crypto exchange Bitcambio accidentally sent one of its users roughly $35 million when the user was trying to withdraw roughly $127.
Before you start falling all over yourself to start withdrawing funds from every crypto exchange under the sun, the transfer was ultimately cancelled and the user did not get to keep the $35 million.
Dang!
More about it can be seen here:
https://www.ccn.com/brazilian-crypto-exchange-mistakenly-sends-user-35-million-on-127-withdrawal/
So, what happened?
According to the user, Kaique Nunes, he issued some normal withdrawal orders just like he normally does.
Then shortly after he started getting phone calls from the exchange.
They were telling him that his withdraws were accidentally for much more money than was intended and that he needed to come down to their office in order to fully cancel the transaction.
Nunes, thinking these calls were fake, didn't immediately comply.
However, the calls kept coming and eventually Nunes, through some research on his own, was able to verify that these phone calls were likely legitimate.
Oops!
Apparently the exchange was able to cancel the order, but it was not able to completely cancel the order due to the size of the withdrawal without the owner of the account, Nunes, signing some papers to verify the transaction was an accident.
The exchange said that an automated process was to blame for the mistake.
Nunes eventually complied and the matter was solved.
He even received a bit of compensation for his time and cooperation.
So, the next time $35 million accidentally shows up in your account, don't get too excited because you will likely have to return it. :)
Stay informed my friends.
Image Source:
Follow me: @jrcornel