Let’s consider a hypothetical scenario: What if your favorite cryptocurrency exchange starts offering Bitcoins at the lowest price you can imagine, i.e., zero dollars? For one user trading on a Japanse exchange, this scenario happened in reality. A massive blunder at Zaif, a government-registered exchange, allowed customers to buy Bitcoins with zero yen value for about 20-minutes. As per a Reuters report , the exchange is run by Osaka-based Tech Bureau Corp. After discovering the error on 16th Feb, the exchange voided all the trades and corrected the balances of users. Free Bitcoins worth $20 trillion?? However, the exchange was still trying to resolve issues with one user that tried to transfer a huge amount of Bitcoins. The report states that the user in question bought about 2,200 trillion yen worth of bitcoin at a negligible price and further tried to cash it out. In US dollars, this amount converts to about $20 trillion. This is even more surprising as t...
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