Bitcoin Forum

Economy => Securities => Topic started by: glbse on June 25, 2012, 08:17:00 AM



Title: [ANN][GLBSE] Unexpected downtime due to trade irregularities.
Post by: glbse on June 25, 2012, 08:17:00 AM
We have noticed some trades of the USD asset coming through on the twitter and IRC feeds with negative share numbers. Obviously this makes no sense so we have brought the site down temporarily while we investigate the cause.


Title: Re: [ANN][GLBSE] Unexpected downtime due to trade irregularities.
Post by: glbse on June 25, 2012, 08:42:10 AM
We discovered a bug in the API that was causing some inputs to be processed incorrectly. The affected trades will be rolled back, and we are currently fixing the problem.


Title: Re: [ANN][GLBSE] Unexpected downtime due to trade irregularities.
Post by: stochastic on June 25, 2012, 08:47:42 AM
We discovered a bug in the API that was causing some inputs to be processed incorrectly. The affected trades will be rolled back, and we are currently fixing the problem.

Wow that is crazy.


Title: Re: [ANN][GLBSE] Unexpected downtime due to trade irregularities.
Post by: glbse on June 25, 2012, 10:39:27 AM
The bug has been fixed and the site is back up.

Our apologies for any inconvenience this may have caused.


Title: Re: [ANN][GLBSE] Unexpected downtime due to trade irregularities.
Post by: SaintFlow on June 25, 2012, 11:04:40 AM
The bug has been fixed and the site is back up.

Our apologies for any inconvenience this may have caused.

And more importantly ... has anyone lost money ?



while the exchange course fell and could not react? possible.


Title: Re: [ANN][GLBSE] Unexpected downtime due to trade irregularities.
Post by: stochastic on June 25, 2012, 11:19:34 AM
The bug has been fixed and the site is back up.

Our apologies for any inconvenience this may have caused.

And more importantly ... has anyone lost money ?



while the exchange course fell and could not react? possible.

Not the kind of loss I had in mind. Rather has anyone stolen
any money using the API flaw.
 

Everything looks accounted for in my books.

What likely happened was that the API allowed for negative values in the number of shares to be bought or sold.


Title: Re: [ANN][GLBSE] Unexpected downtime due to trade irregularities.
Post by: glbse on June 25, 2012, 12:36:41 PM
The bug has been fixed and the site is back up.

Our apologies for any inconvenience this may have caused.

And more importantly ... has anyone lost money ?



while the exchange course fell and could not react? possible.

Not the kind of loss I had in mind. Rather has anyone stolen
any money using the API flaw.
 

Everything looks accounted for in my books.

What likely happened was that the API allowed for negative values in the number of shares to be bought or sold.

The BTC volume of the trades in question was less than 2.5 BTC. Any accounts affected have been compensated for any losses that occurred.

stochastic is correct. There was an API problem that allowed negative inputs which has now been corrected. No theft occurred, and no accounts were compromised.