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Author Topic: [ANN][GLBSE] Unexpected downtime due to trade irregularities.  (Read 1201 times)
glbse
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June 25, 2012, 08:17:00 AM
 #1

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.

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glbse
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June 25, 2012, 08:42:10 AM
 #2

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.

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stochastic
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June 25, 2012, 08:47:42 AM
 #3

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.

Introducing constraints to the economy only serves to limit what can be economical.
glbse
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June 25, 2012, 10:39:27 AM
 #4

The bug has been fixed and the site is back up.

Our apologies for any inconvenience this may have caused.

Trade Shares, Bonds and more.

GLobal Bitcoin Stock Exchange (GLBSE)

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For support/help/ or questions email: support@glbse.com
SaintFlow
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June 25, 2012, 11:04:40 AM
 #5

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.

account resurrected
the lurking ends
stochastic
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June 25, 2012, 11:19:34 AM
 #6

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.

Introducing constraints to the economy only serves to limit what can be economical.
glbse
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June 25, 2012, 12:36:41 PM
 #7

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.



Trade Shares, Bonds and more.

GLobal Bitcoin Stock Exchange (GLBSE)

Get bitcoin capital for your project or organisation

For support/help/ or questions email: support@glbse.com
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