In Georgia, traders who profited from an hours-long price bug have found their bank accounts locked — and the exchange wants its money back https://blockworks.co/coinbase-users-across-georgia-milk-price-bug-for-100x-profit/ “In late August, prices for cryptos denominated in Georgia’s national currency had been rated at GEL 290 instead of GEL 2.90. The missed decimal point had been due to a ‘third-party technical issue,'” a Coinbase spokesperson told Blockworks. Some trades, which should’ve netted around $150, were executed on Coinbase for $15,000, with proceeds withdrawn to personal bank account. Shortly after withdrawing related funds from Coinbase, Georgians said they received notification from their financial institutions advising them their bank accounts and associated Visa debit cards had been frozen.
Coinbase should eat the cost, they allowed the trades. Price of sucking
If someone is smart then probably spend that money ASAP instead of keeping it on bank and got frozen 😊