Photo: MARTIN BUREAU / / AFP
The financial services portal BlockFi, has mistakenly made deposits incorrectly to its users. It turns out that they had offered promotions in rewards and instead of paying them in dollars, they did it in bitcoins. Which perhaps made many of those who received this reward feel “millionaires” for a short time. Now the company is trying to reverse those deposits, these are exorbitant figures
.
On May 14, BlockFi made an incorrect transfer in BTC instead of GUSD to clients who participated in our trading promotions. The vast majority of these transactions were quickly identified and reversed immediately.
– BlockFi (@BlockFi) May 19, 2021
However, when the starup realized the error and tried to reverse it and some of its customers had withdrawn cryptocurrencies from their accounts.
For its part, BlockFi said there were less than 100, although there is talk of a figure of $ 05 millions of dollars, an amount that has been reduced since some clients have decided to return cryptocurrencies that were transferred to them by mistake, according to Zac Prince, co-founder and CEO of BlockFi.
Prince explained what e the company has loss reserves “so there is no negative impact on capital or in the ongoing operations of the platform ”. At this time, the problem has been corrected and rather work is being done on developing safeguards to avoid similar problems in the future.
This small big error has not affected operations of the company and it continues to operate efficiently , even with record levels in volume of operations, said the company’s executive. Perhaps this error attracted clients who want to run with the same kind of “transfer by mistake.
In networks there were several users who began to publish the erroneous transfers, they even tagged BlockFi, so we assume that these are part of the users who returned the transferred crypto assets.
I think i won the price “highest incorrect transfer amount received”. It was a nice sight to behold. 🤣 pic.twitter.com/K7jbXD8VPw
– Stonep (@Epstone_ch) May 18, 1717
Many made public jokes about the little time and effort it took to become millionaires. Although later these amounts were corrected, and everyone returned to their financial reality.
Was a millionaire for 3 hours 🤣🤣🤣🤣🤣🤣🤣🤣 pic.twitter.com/D7Y19 bFlK6
– nebrijo (@Drexel 92) May 19, 2021
For users who received huge sums, and from whom expect them to return the full amount they have been offered compensation up to $ 1, 000, otherwise there might be legal consequences against said users .
This case recalls one of the biggest mistakes in banking history : recently Citibank committed a wrong transaction while being a loan officer for the cosmetics company Revlon, and instead of making a transfer to lenders for interest payments in the amount of approximately $ 8 million, accidentally did not one but 100 times.
The latest information indicated that that he did by mistake, according to Money Only: the finance company will lose a total of nothing more and nothing less than 500 million dollars, as ruled by a District Court judge in the Manhattan city.
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