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Brazilian crypto currency exchange accidentally sent the user $ 35 million

Crypto exchange Bitcambio mistakenly sends user $35 million

Brazilian cryptocurrency exchange Bitcambio by mistake transferred to the user 137 million Brazilian reais ($35 million), although he wanted to withdraw only 500 reais ($127).

According to local newspaper Portal do Bitcoin, once an error is detected cryptocurrency exchange immediately began to get in touch with a user named Kaique Nunes. He, in turn, spoke about the situation in the following way:

"In early November I issued a standard request for withdrawal of funds. After some time I was contacted by representatives of Bitcambio and said that sent me much more of that which I have indicated in the application. Then they asked me to visit a notary's office and sign some documents. I thought it was a coup".

According to Nunes, it seemed to him that some hackers got their personal data, but for the full set of information they need his signature. In addition, the user decided that he was facing a rogue employee trying to scam users, therefore, did not answer the incoming message. However Bitcambio still insisted on cancellation of the transaction. The process could be only be completed at the notary office, where Nunes will need to provide a document sent by the exchange to the e-mail and leave his signature.

Instead, Nunes decided to get more information about such situations. For this, he went to Facebook and asked question in one of the groups about cryptocurrency. It turned out that the administrator of this community is Rodrigo Souza, one of Bitcambio’s suppliers. He replying to Nunes recognized the exchange’s error and added that the exchange operates in accordance with the law and is not afraid to attract too much attention. In conversation with local media Souza said the cause of the error was a serious bug, and also added that the cancellation of the transaction of such huge amount is possible only after the consent of the user.

Currently both parties to settle the consequences of technical failure. Exchange promised to Nunes to reimburse all losses associated with the appeal in a notary's office.

It is noteworthy that this curiosity happened on the background of the slowdown of the Brazilian cryptocurrency exchanges. Recently the country’s Department of Federal Revenue tried to start monitoring their activities, and Bitcoin Max exchange even had to go to court to re-open Bank accounts and avoid fines.

The decline in the global cryptocurrency market is also reflected in the Brazilian crypto exchanges. For example, Mercado Bitcoin, Brazil’s largest crypto exchange, fired at least 20 employees as part of the restructuring. The exchange Huobi, recently appeared on the Brazilian market, has also dismissed 6 of its 10 employees.


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