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ID:

coinzest-666

Date:

Status:

Incident Count:

February 3, 2019

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

2,600,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Exchange

Assets

Contract Vulnerabilities

Extended Method:

Computer error

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Days in Operation:

2

(0.01 Years)

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South Korean cryptocurrency exchange CoinZest has been forced to conduct a “roll-back” on its servers after it mistakenly doled out around USD 5.3 million worth of cryptocurrencies to its customers as part of an airdrop event that went spectacularly wrong. The exchange says it has already recovered half of the funds, but, per most recent reports, some USD 2.6 million is yet to be returned. Many believe some customers instantly withdrew the funds they received. Fn News quotes an industry expert as saying that there is “no way CoinZest can get the funds back from customers who have already made withdrawals.

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