Crypto Exchange asks users to return 5.3 million dollars to Bitcoin, Ethereum and Altcoin after an accidental air crash


The exchange of South Korean cryptocurrency CoinZest is trying to recover value in cryptocurrencies $ 5.3 million it happened by mistake. The jungle highlights the immutable and irreversible nature of blockchain transactions.

The error occurred while the exchange was trying to transmit the We Game Tokens to its users as a promotional event.

Instead, he threw the wrong coins. Users received Bitcoin (BTC) and Ethereum (ETH), among other cryptocurrencies.

Exchange operators call it a server computer error, with a number of users also accidentally received Korean victory in their accounts.

Some account holders who received BTC immediately decided to sell, causing a sharp drop in prices, second Coindesk Korea.

An official of the exchange revealed a Hankyung, a Korean publication, which a handful of users has triggered the price collapse. Reports on,

"About 10 members tried to sell around KRW 600 million [~$530,000 USD] of cryptocurrencies or withdrawing money in Korean won even if they recognized the mistake of depositing money and computer errors. [Therefore] there was a problem of rapidly falling prices ".

The exchange says that users have returned approximately half of the misplaced encryption $ 2.6 million still to be returned.

CoinZest has no plans to offset the losses suffered by its users.

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