Home » Coinnest Accidentally Airdropped $15 million in Crypto

Coinnest Accidentally Airdropped $15 million in Crypto

South Korean-based Coinnest accidentally transferred millions worth of digital assets during the airdrop and is seeking ways of getting them back.
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South Korean-based Coinnest accidentally transferred millions worth of digital assets during the airdrop and is seeking ways of getting them back.

The error occured when the exchange was trying to airdrop We Game Tokens (WGT) to its clients. The airdrop error costs Coinnest around $15 million in bitcoins and other cryptocurrencies.

The exchange has already accounted for half of the won mistakingly transferred to its clients but is still waiting for the other half to return. The exchange, however, did not announce any plan to compensate traders who suffered due to the server issue.

However, a number of customers immediately hit the market to sell the accidentally gained Bitcoins which resulted in a flash crash in the exchange taking Bitcoin’s price to as low as $50. The exchange is also asking its clients to return funds they received by mistake. As of Jan. 22, only half of the won was returned, the exchange is waiting for the other half to be returned.

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