Crypto Exchange Coinberry Sues 50 Users After Losing 120 BTC

Canadian cryptocurrency exchange Coinberry has filed a lawsuit against 50 users.

The users exploited a software error in 2020 to collectively withdraw 120 bitcoins.

The users siphoned the bitcoin with Canadian dollars that had not yet been transferred to their accounts, tapping a bug with the Interac e-transfer function.

In the lawsuit, Coinberry indicted Binance as it was a venue several customers used to distribute their spoils.

Initially, over 500 customers exploited the vulnerability, with 23 bitcoins being returned following a request from Coinberry.

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