Canadian cryptocurrency exchange Coinberry is trying to recover 120 BTC it had lost in 2020 due to a software glitch, the Financial Post has learned, citing a lawsuit.
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The Toronto-based exchange targets 50 users, who capitalized on the vulnerability of the exchange’s payment mechanism. Cryptocurrency exchange Binance was also involved in the case, as users sold crypto on the platform.
The document says that in 2020, Coinberry upgraded its software, adding support for purchasing bitcoin with Interac e-Transfer, a Canadian funds transfer service. The lawsuit says around 500 users used the glitch to get crypto for free: they put buy orders via Interac, got crypto, canceled the purchase order and saved their money. So far, Coinberry succeeded to recover 37 BTC.
In July, WonderFi Technologies acquired Coinberry for $38.3 million. Backed by Kevin O’Leary and FTX Founder Sam Bankman-Fried, WonderFi has become the first Canadian crypto company that operates multiple crypto licenses.
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