Coinberry, a Canadian crypto exchange, is part of Kevin O'Leary's Wonderfi. It sued 50 customers to get the bitcoins they got without having to pay for a software glitch. The lawsuit details say that Coinberry reached out to all 546 affected users via email and demanded their return of the stolen bitcoins.
Coinberry offers Bitcoin back to its users
Coinberry, a Canadian cryptocurrency exchange, has been sued by customers who used its software glitch to obtain bitcoin without having to pay.
Coinberry is a licensed crypto trading platform that is owned and managed by Vancouver-based Wonderfi Technologies Inc.. This company was founded by Kevin O'Leary, Shark Tank star.
In June, an Ontario lawsuit was filed claiming that Coinberry accidentally allowed users to buy Bitcoin with Canadian dollars, which they had not properly transferred into their accounts.
According to the exchange, customers could use the software glitch to initiate an Interac E-Transfer, receive the amount credited into their Coinberry accounts, buy BTC and transfer the coins out. The original etransfer could be cancelled. They were able to keep their funds and get bitcoin free of charge by doing this.
Coinberry claims that 546 users were able acquire an aggregate of 120 bitcoins without having to pay for them. According to the lawsuit:
Coinberry reached out to all 546 registered users and requested the return of the stolen bitcoins.
"Coinberry was successful in securing the return of approximately 37 bitcoins that were misappropriated from 270 affected registered users," continues the lawsuit.
Customers transferred their bitcoins to Binance. The Canadian exchange added: "Coinberry also immediately reached out to Binance."
Binance acknowledged it had found a large amount of the stolen BTC, and took steps to limit access.
Canadian crypto trading platform stated that it still has to recover two-thirds (or more) of the BTC lost by hundreds of customers.
The lawsuit seeks to return 63 bitcoins, from 50 customers. This includes 9.48 BTC that were sent to Binance. Coinberry stated that its list of people who took and have not yet returned bitcoins under $5,000 does not include those who, according to May 2020 values, Coinberry claimed.
Further, the company noted that $385,722.31 was misappropriated by two accounts, Jordan Steifuk (and Connor Heffernan), which were claimed to be the same person by the Canadian crypto exchange.
Are you a believer that customers should return the BTC they received from Coinberry during the software glitch? Comment below to let us know your thoughts.
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By: Kevin Helms
Title: Canadian Crypto Exchange Sues Users for Return of Bitcoin Misappropriated During Software Glitch
Sourced From: news.bitcoin.com/canadian-crypto-exchange-sues-users-for-return-of-bitcoin-misappropriated-during-software-glitch/
Published Date: Sat, 10 Sep 2022 02:00:58 +0000
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