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ID:

coinbase-1105

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Date:

Status:

Incident Count:

September 2, 2022

Verified

7

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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50 pts

Audit By:

Audits:

None

Loss Amount:

-

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Recovered:

-

Rewards:

Ticker:

USD

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100 pts
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Platform:

Type:

Category:

Method:

Data Sources:

Multi-chains

Exchange

Token

Human

Extended Method:

Currency mispricing

Days in Operation:

3738

(10.24 Years)

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100 pts each

Coinbase users in the Eastern European country of Georgia were able to exploit a price bug that allowed them to cash out their holdings for 100 times the exchange rate, pocketing thousands of dollars in profit as Coinbase mispriced Georgia's national currency, the lari (GEL), priced at $290 vs. $2.90.

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