$5million Airdrop Mistake from Coinnest

[Samyalson]

Korean exchange mistaken airdrops BTC instead of We Game tokens.  The loss is valued at over $5million.

As responsible crypto investors, especially with recent exchange hacks, we are responsible for protecting ourselves.  Is it right for Coinnest to ask for the BTC back?

https://cryptomenow.com/crypto-exchange-coinnest-loses-15-million-due-to-accidental-airdrop/

[AgentZero23]

There was a glitch in the server that made the bitcoin airdrop happened instead of tokens. I think they have the right to ask to return the btc and replace them with tokens. Some traders already have cash in and some of them will not return it back. It's the fault of the exchange and with the server error happened, it's also possible they will get compromised anytime.

[levyashin]

Last year a local exchange send my btc order 2 times. And i was honest enough to pay them back. But they should work more carefully.

[kingzpro]

I think those who have received the airdrop should voluntarily return it back or refund the transaction as it will be unethical to keep it after the company have announced that it happened due to mistake, also all these exchanges need to come up with more professional attitude every other day we hear something negative from exchanges side and suddenly resulting in market crash. Exchanges should comeup with a fool proof system of administration in all its aspects otherwise they should not operate.

[drrekkty]

what a weird mistake! I wish I received this airdrop) Another reason to think that crypto is about being lucky enough to be in a right place in a right time.
Hope obe day something similar will happen for me.

[Ifychuks]

Korean exchange mistaken airdrops BTC instead of We Game tokens.  The loss is valued at over $5million.

As responsible crypto investors, especially with recent exchange hacks, we are responsible for protecting ourselves.  Is it right for Coinnest to ask for the BTC back?

https://cryptomenow.com/crypto-exchange-coinnest-loses-15-million-due-to-accidental-airdrop/

What? So sad. And many will be glad about this development. Asking for the mistaken funds won't be easy. If there's a way to lock it up in the accounts affected, better. But it will be very difficult just asking and getting the coins back.

[Ifychuks]

Last year a local exchange send my btc order 2 times. And i was honest enough to pay them back. But they should work more carefully.

You are a good Samaritan then. Only two out of a hundred can do that. Exchanges should be more careful in transactions going in and out, that way this kind of thing will be averted.

[ricatop]

Of course, the exchange should compensate for these losses as it was precisely because of its mistakes that money was lost

[PuertoLibre]

Of course, the exchange should compensate for these losses as it was precisely because of its mistakes that money was lost

This mistake is done by exchange but it is not ethic to ask funds back from airdrop participants. I am sure more than half of participants will not send back these amounts. Exchanges have to double check these type of transaction before confirming it.

[DeltaX]

Last year a local exchange send my btc order 2 times. And i was honest enough to pay them back. But they should work more carefully.

You are a good Samaritan then. Only two out of a hundred can do that. Exchanges should be more careful in transactions going in and out, that way this kind of thing will be averted.

Doing it through manual transaction is better if there is a lot of bugs to the system. They are thinking all of the things go smoothly but manual is better if you don't have a good system.
They must put the more effort for that, why they don't just try to do a little transaction to check how good their system before doin a transaction? that's weird.

[sabine80]

this is really an expensive mistake that happened there. certainly not all people will return the money and therefore, it is undoubtedly a big loss for coinnest. i wonder if coinnest will cope the loss.

[Vaculin]

Very bad mistake, I doubt if traders will still trust them with this mistake.
If make a big mistake in a simple application, how much more the security of the traders or those who store their coins
in their exchange. If maybe they can tolerate this loss but their reputation is bad now.

[ronwewee]

Korean exchange mistaken airdrops BTC instead of We Game tokens.  The loss is valued at over $5million.

As responsible crypto investors, especially with recent exchange hacks, we are responsible for protecting ourselves.  Is it right for Coinnest to ask for the BTC back?

https://cryptomenow.com/crypto-exchange-coinnest-loses-15-million-due-to-accidental-airdrop/

I hope I joined that airdrop, what a big mistake is a big opportunity I guess? Wel, I am contented on joining bounty and still happy about it. But I guess coinnest will no longer have the chance to get it back.

[libert19]

Read somewhere that they were able to recover around 2.7m, but many users already did cash out so couldn't recover all.

[batang_bitcoin]

Last year a local exchange send my btc order 2 times. And i was honest enough to pay them back. But they should work more carefully.

Kudos to you.

Read somewhere that they were able to recover around 2.7m, but many users already did cash out so couldn't recover all.

Yes I've read about that and there are about 10 people that attempted to withdraw large amount from them.

[Bttzed03]

Those airdropped BTC was not theirs in the first place so it is only right for them to return it. Best of luck to the exchange if they recover most sent bitcoins.

[taratorly]

Wooowwww, This is a very high amount for a bug. Of course, this kind of errors may ask for back, but I do not know who will be returned. They can block wallets, but if there are those who can withdraw money, it's unlikely that the money will come back.

[Olatunjex]

They will be lucky to get back half of the airdropped amount, those who are yet to withdraw their token they could still compel them to send the btc back it rare to find people who have withdrew it and will return the btc back.

[esetop01tryba]

I think that some users who received a pleasant surprise will return the money. It is interesting to know how much each user received, since the amount of 5 million is large and there are also many users. So I think people didn't get much money.

[thaliaand]

Some users may have good intentions and return it. What makes me curious is, what about other users who don't intend to return it? Does the exchange have rights and even demand the funds back considering the exchange has the authority to freeze the wallet?