{"id":67112,"date":"2022-09-10T09:00:48","date_gmt":"2022-09-10T09:00:48","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=67112"},"modified":"2022-09-10T09:00:48","modified_gmt":"2022-09-10T09:00:48","slug":"canadian-crypto-exchange-sues-users-for-return-of-bitcoin-misappropriated-during-software-glitch","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=67112","title":{"rendered":"Canadian Crypto Exchange Sues Users for Return of Bitcoin Misappropriated During Software Glitch"},"content":{"rendered":"<p><img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/09\/coinberry-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Canadian Crypto Exchange Sues Users for Return of Bitcoin Misappropriated During Software Glitch\" loading=\"lazy\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/09\/coinberry-300x169.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/09\/coinberry-1024x576.jpg 1024w, https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/09\/coinberry-768x432.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/09\/coinberry-190x107.jpg 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/09\/coinberry-380x214.jpg 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/09\/coinberry-760x428.jpg 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/09\/coinberry.jpg 1280w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\"><\/p>\n<p><strong>Canadian crypto exchange Coinberry, part of Kevin O\u2019Leary\u2019s Wonderfi, has sued 50 customers for the return of the bitcoin they obtained without paying during a software glitch. \u201cCoinberry contacted all of the said 546 affected registered users by email and demanded the return of the misappropriated bitcoins,\u201d the lawsuit details.<\/strong><\/p>\n<h2>Coinberry Sues Users to Get Bitcoin Back<\/h2>\n<p>Canadian cryptocurrency exchange Coinberry has <a href=\"https:\/\/financialpost.com\/fp-finance\/cryptocurrency\/software-glitch-allowed-users-to-acquire-3-million-in-bitcoin-without-paying-coinberry-alleges-in-lawsuit\" target=\"_blank\" rel=\"noopener\">reportedly<\/a> sued its customers who took advantage of its software glitch and obtained bitcoin without paying.<\/p>\n<p>Coinberry, a regulated crypto trading platform, is owned by Vancouver-based Wonderfi Technologies Inc., a company backed by Shark Tank star Kevin O\u2019Leary.<\/p>\n<p>The lawsuit, filed in Ontario in June, explains that during a software upgrade in 2020, Coinberry accidentally let users <a class=\"lar-automated-link\" href=\"https:\/\/buy.bitcoin.com\/btc\" target=\"_blank\" rel=\"noopener\">buy BTC<\/a> with Canadian dollars that had not properly transferred to their accounts.<\/p>\n<p>The exchange detailed that during the software glitch, customers could initiate an Interac e-transfer, get the amount credited to their Coinberry accounts, <a class=\"lar-automated-link\" href=\"https:\/\/buy.bitcoin.com\/btc\" target=\"_blank\" rel=\"noopener\">buy BTC<\/a>, transfer the coins out, and cancel the original e-transfer. By doing so, they retained their funds while getting bitcoin for free.<\/p>\n<p>According to Coinberry, 546 users were able to acquire a total of about 120 bitcoins altogether without paying for them before the software issue was fixed. The lawsuit states:<\/p>\n<blockquote>\n<p>Coinberry contacted all of the said 546 affected registered users by email and demanded return of the misappropriated bitcoins.<\/p>\n<\/blockquote>\n<p>\u201cCoinberry was able to secure the return of approximately 37 of the misappropriated bitcoins from 270 of the affected registered users,\u201d the lawsuit continues.<\/p>\n<p>Some customers transferred their ill-gotten bitcoin to Binance, the Canadian exchange further noted, adding: \u201cCoinberry also immediately contacted Binance.\u201d The lawsuit detailed:<\/p>\n<blockquote>\n<p>Binance acknowledged that it had identified a quantity of the misappropriated <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a> and undertook to restrict any access to the accounts.<\/p>\n<\/blockquote>\n<p>The Canadian crypto trading platform said it has yet to recoup two-thirds of the lost <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a> from hundreds of customers.<\/p>\n<p>The lawsuit seeks the return of 63 bitcoins from 50 customers, including 9.48 <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a> that were transferred to Binance. Coinberry said its list of misappropriated bitcoins provided in the lawsuit does not include people who have taken and not yet returned amounts under $5,000, as valued in May 2020.<\/p>\n<p>The company further noted that the largest amount misappropriated and not returned was $385,722.31 by two accounts under the names Jordan Steifuk and Connor Heffernan, which the Canadian crypto exchange said are actually the same person.<\/p>\n<p><em><strong>Do you think customers should give Coinberry back the <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a> they took for free during the software glitch? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian crypto exchange Coinberry, part of Kevin O\u2019Leary\u2019s Wonderfi, has sued 50 customers for the return of the bitcoin they obtained without paying during a software glitch. \u201cCoinberry contacted all of the said 546 affected registered users by email and demanded the return of the misappropriated bitcoins,\u201d the lawsuit details. Coinberry Sues Users to Get [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":67113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-67112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/67112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67112"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/67112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/67113"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}