Canadian Cryptocurrency Exchange Coinberry Sues 50 Users for Lost 120 Bitcoins

08/09/2022 22:00

Canadian cryptocurrency exchange Coinberry has filed a lawsuit seeking compensation from 50 users for 120 bitcoins it lost, the Financial Post reported. Coinberry stated that an error occurred in its software upgrade in 2020, which caused the funds to be displayed in the account in advance when the user initiated the transfer and could be used to actually purchase cryptocurrencies. Some users took advantage of this vulnerability to purchase a total of 120 bitcoins. According to reports, in addition to the users who exploited the loophole, the defendant also had Binance, because some funds were transferred to Binance.

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Kevin O’Leary-backed WonderFi to acquire Canadian crypto exchange Coinberry for $38.5M
WonderFi plans to expand its operations in Canada by acquiring digital asset trading platform Coinberry after its recent Bitbuy acquisition.
CointelegraphMay 07, 2022 8:13 pm

Canadian Cryptocurrency Exchange Coinberry Sues 50 Users for Lost 120 Bitcoins

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Kevin O’Leary-backed WonderFi to acquire Canadian crypto exchange Coinberry for $38.5M