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Author Topic: [2018-04-26]- System Error at Korean Crypto Exchange Gave Users Free Coins  (Read 24 times)
Greenkarki
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April 25, 2018, 07:31:09 PM
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A South Korean cryptocurrency exchange said it suffered an internal system error which affected withdrawals. The exchange claimed that users were able to withdraw five times the number of coins they requested. It is asking for the coins back, and will seek civil liabilities and damages from users who do not voluntarily return the coins.

https://news.bitcoin.com/system-error-korean-crypto-exchange-gave-users-free-coins/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Internal System Error

New South Korean exchange Cashierest reportedly caused a controversy on Friday when it claimed to have an internal system error which affected withdrawals, according to local media. The exchange, which was launched in March, said that the error allowed users to withdraw more than five times the coins requested. Meanwhile, some users are claiming that they could not withdraw any coins at all during that time.

Before pitching in, they might have gone through beta and alpha tests right?

What should have been done to avoid such major issues?

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April 25, 2018, 10:49:54 PM
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Looks like not enough testing was done on the software. This is what happens when greed takes over. They were so eager to launch that they skipped testing and allowed people to deposit which will now probably cost them the business. When an established exchange faces problems it may lose some trust, but some will remain. When you're new to the market and already in trouble you can as well shut down and change the name.
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