Millions of Ripple Tokens Go Missing From Clients' Accounts at CoinPayments

in #ripple7 years ago (edited)

 Canadian cryptocurrency payment solutions provider CoinPayments Inc.,  has reportedly begun informing some clients of a bug that made it  possible for some users of the service to withdraw excessive amounts of  Ripple (XRP) tokens from other users’ wallets.
 

In an email to affected clients, CoinPayments CEO Alex Alexandrov said the bug had been fixed:
 

“We have done a full review of our systems and added  additional checks and protections to make sure similar issues don't  occur in the future.” 

According to Alexandrov's email,  on June 5, 2017, some opportunistic CoinPayments users took advantage  of an undiscovered bug to unjustly enrich themselves with XRP on deposit  at other clients’ online wallets, “Their detailed personal  information has been collected and they all have been contacted to  return the funds immediately. We are in communication with some already  and reclamation process has begun with the help of our lawyers.,” says the email communique sent to affected clients.
 

While CoinPayments claims some of the funds have been recovered, no  official statement has been released by the company on the theft, or the  exact number of users involved in the incident.
 

Many affected clients took to social media and popular forums to express  their frustration and skepticism with CoinPayments’ statements 


 Source- http://www.razor-forex.com/2017/06/millions-of-ripple-tokens-go-missing.html 

Coin Marketplace

STEEM 0.27
TRX 0.21
JST 0.039
BTC 97341.19
ETH 3597.68
USDT 1.00
SBD 3.92