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Wednesday, February 21, 2018

Glitch in Japansese exchange allowed user to place a $20 trillion Bitcoin order...

Japansese exchange 'Zaif' experienced a glitch that allowed users to place buy orders without having the funds to do so.

17 people attempeted to take advantage of the glitch, which only lasted 18 minutes.  The boldest - one order for $20 trillion in Bitcoin. (Funny because Bitcoin's market cap is only $182 billion)

While the exchange quickly canceled orders and corrected their account balances, unfortunately it was still enough to catch the attention of Japan’s Financial Services Agency (FSA) - which is now investigating the exchanges security methods.

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Author: Mark Pippen
London News Desk