FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Japanese Cryptocurrency Exchange Glitch Almost Leads to $20 Trillion Loss

Tatjana KulkarnibyTatjana Kulkarni
February 21, 2018
in Payments
Reading Time: 1 min read
0
Share on Facebook

It’s not a great time for Japanese cryptocurrency exchanges. Weeks after a major heist, another Japanese cryptocurrency exchange reported a huge disaster that allowed users to buy bitcoin for free.

One user even tried to cash in on 2,200 trillion yen ($20 trillion) after buying bitcoin at valued at that amount for zero yen, according to Asahi Shimbun yesterday.

According to a Reuters report, government-registered exchange run by Osaka-based Tech Bureau Corp, Zaif, reported a system glitch that let seven customers buy the most famous cryptocurrency (currently valued at $10, 434.99 on Coinbase) for zero yen during a 20-minute window last week.

Fortunately, the transactions were caught, and all the purchases were voided, according to Reuters. Zaif rectified the glitch the same day.

Read more on Asahi Shumbun, CoinDesk and Reuters.

To learn the latest developments on cryptocurrency, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to register.

Tags: BitcoinBlockchainCoinbasecryptocurrencyExclusive
Previous Post

Fintech for Kids: Greenlight Raises $16 Million in Series A Funding

Next Post

U.S. Bank’s Doug Nielson, Senior VP of Innovation Research & Developement, Joins Bank Innovation 2018

Related Posts

(CourtesyBenjamin Girette/Bloomberg
Payments

Global head of Spring by Citi: Agentic commerce readiness markers

August 14, 2026
RBC building in Toronto
Payments

Francisco to buy payments firm Moneris from RBC, BMO for $1.4B

August 11, 2026
Interior of a Cloudflare office building with signage
Payments

Nonhuman traffic surpasses human traffic on Cloudflare network

August 7, 2026
Next Post
Doug Nielson, SVP Innovation Research & Development, US Bank

U.S. Bank's Doug Nielson, Senior VP of Innovation Research & Developement, Joins Bank Innovation 2018

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account