If you are a crypto trader following the latest digital currency news, you probably never heard about an exchange sending vast amount of cash in your account. However, that just happened to users of one prominent South Korean crypto exchange, giving millions of dollars worth of Bitcoin to its traders.
As Coindesk Korea initially reported, the Korean crypto exchange Coinnest has accidentally airdropped more than $5 million in Bitcoin and Korean won and is now looking for ways to reclaim their misdirected funds.
Coinnest also announced that it has accidentally sent over 6 billion Korean won worth of Bitcoin, equating to $5.3 million, to different trader accounts. The Korean crypto exchange was first attempting to airdrop the We Game Tokens (WGT) but somehow the wires got crossed and they wrongly airdropped Bitcoin instead in a catastrophic scenario.
In the entire madness, Coinnest also accidentally sent some Korean won to users but has been trying to roll back the servers and recover their losses. The exchange is now asking for traders to return the misdirected funds. According to the repots, because of many users scrambling to withdraw their surprise winnings, the Bitcoin price crashed on the site to almost $50.
This is not the first time Coinnest is in the headlines for scandals. In the first quarter of 2018, the exchange was caught up in a scandal where their former CEO was suspected of allegedly dragging billions of Korean won from client’s accounts and transferring them to his own accounts.
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