Canadian crypto exchange Coinberry, part of Kevin O’Leary’s Wonderfi, has sued 50 customers for refunding bitcoins received without payment during a software glitch. The lawsuit details “Coinberry has contacted all 546 affected registered users by email, seeking the refund of the erroneous bitcoins.”
Coinberry Sues Users To Get Bitcoin Back
Canadian cryptocurrency exchange Coinberry has reportedly sued its customers who took advantage of its software glitch and received bitcoins without paying.
Coinberry, a regulated crypto trading platform, is owned by Vancouver-based Wonderfi Technologies Inc., a company backed by Shark Tank star Kevin O’Leary.
The lawsuit, filed in Ontario in June, reported that during a software upgrade in 2020, Coinberry accidentally allowed users to buy BTC with Canadian dollars that had not been properly transferred to their accounts.
The exchange elaborated that during the software glitch, customers could initiate Interac e-transfer, deposit funds to their Coinberry accounts, buy BTC, transfer coins, and cancel the original e-transfer. can. By doing so, he retained his funds while receiving free bitcoins.
According to Coinberry, 546 users were able to receive a total of about 120 bitcoins without paying before the software issue was fixed. The lawsuit says:
Coinberry contacted all of the above 546 affected registered users by email and demanded the refund of the erroneous bitcoins.
The lawsuit continues, “Coinberry was able to secure the return of approximately 37 erroneous bitcoins from 270 of the affected registered users.”
The Canadian exchange further noted that some customers have transferred their wrongly earned bitcoins to Binance, adding: “Coinberry also immediately contacted Binance.” Case Detail:
Binance admitted that it had identified incorrect BTC amounts and had undertaken to restrict any access to the accounts.
The Canadian cryptocurrency trading platform said that it has not yet recovered two-thirds of the lost BTC from hundreds of customers.
The lawsuit seeks the refund of 63 bitcoins from 50 customers, including 9.48 BTC that were transferred to Binance. Coinberry said that the list of falsified bitcoins provided in the lawsuit does not include those who have taken less than $5,000 in value in May 2020 and have not yet returned.
The company further noted that the largest amount that was misused and not returned was $385,722.31 by two accounts named Jordan Stefuk and Conor Heffernan, who the Canadian crypto exchange said are in fact the same person.
Do you think customers should give back to Coinberry the BTC they took for free during the software glitch? Let us know in the comments section below.
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