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ID:

coinbase-1105

Date:

Status:

Incident Count:

September 2, 2022

Near-Miss

7

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

-

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Multi-chains

Exchange

Token

Near-Miss

Extended Method:

Currency mispricing

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Days in Operation:

3738

(10.24 Years)

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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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