Tagged: glitch

Malaysia’s CIMB May Take $67M Credit Hit Due to Recent Payments Glitch

March 1, 2022 @ 11:03 pm By Omar Faridi |

Malaysia’s CIMB has reported a credit loss of around $67 million because of a processing error that led to some clients receiving duplicate credits to their accounts. CIMB‘s management discovered the glitch, which was related to a third-party financial remittance service, in January 2022. The… Read More

Read more in: Asia, Fintech | Tagged bank negara, banking, cimb, financial services, glitch, malaysia, payments, southeast asia

Japanese Cryptocurrency Exchange Zaif Has a Glitch; Causes Price of Coins to be Sold at $0

February 21, 2018 @ 3:31 pm By Samantha Hurst |

On Tuesday, Japanese cryptocurrency exchange Zaif announced it experienced a glitch last Friday that caused the exchange to price coins at $0, meaning users were able to buy digital currencies for free. The platform, which is powered Tech Bureau Corp, and registered by the Japanese government,… Read More

Read more in: Blockchain & Digital Assets, Asia | Tagged cryptocurrency, glitch, japan, zaif