Coinnest, exchange based in South Korea, asked its users to return more than $ 5 million, which they had mistakenly sent to their wallets. It is reported by CoinDesk.
Last week, Coinnest reported that due to the “error”, it sent its customers 6 billion won ($ 5.3 million) in bitcoins and other cryptocurrencies. The incident occurred during an attempt to hold an Weir Token airdrop (WGT).
Moreover, technical problems on the server allowed some customers of the exchange to receive translations in Fiat.
The problems were fixed on January 19, and now Coinnest asks customers to return the funds credited to them by mistake. But, if at least half of the amount was faithfully returned, some of the clients, having received bitcoins instead of WGT, immediately sold the resulting cryptocurrency. As a result, there was a so-called flash-crash of BTC price on a single exchange - at some point the price collapsed to $ 50.
In September 2018, Coinnest executives were charged with receiving a bribe for assisting in the listing of the S-coin token.
Currently, the withdrawal of funds from Coinnest is stopped. According to CoinMarketCap, over the past 24 hours, the exchange has conducted deals of only $ 11K.