With the World’s financial markets being digitised for most part, a simple system glitch could cause some major issues.
Japanese cryptocurrency exchange Zaif, learned that first hand last week. Zaif informed that a glitch in their exchange allowed customers to purchase trillions of $$ worth of Bitcoin for free.
1BTC = 0Yen
For about 18 minutes on February 16th, Zaif’s users were able to “buy” cryptocurrency for free. The record goes to a user, who tried selling about $20 trillion worth of Bitcoin after he purchased it during the 18 minutes.
It’s not too much of a surprise, that he did not succeed…
The exchange managed to cancel all of the erroneous transactions, after several users managed to purchase the cryptocurrency for, well – nothing.
This apparently isn’t the only reason for Zaif’s users to complain. The exchange’s official Twitter channel is filled with users criticising poor performance and support.