Cryptocurrency glitches
All of them said they had their bank accounts briefly frozen hours after they sold crypto for lari and withdrew fiat to their bank accounts. Several days later, the accounts and bank cards were unfrozen without any action from them.
However, on Sept. One of the users who talked to CoinDesk, a manager at a Georgian tech startup and amateur trader named Tornike he asked to withhold his surname , sold some Stellar lumens XLM on Aug. He immediately withdrew his profits into his Bank of Georgia account and hit a nearby ATM to double-check: the money was available for him to withdraw.
After three days, something changed and Tornike was able to use his bank accounts again. Both platforms said the issue had been resolved, but didn't explain what caused the incident. Popular data provider CoinMarketCap and crypto exchange Coinbase briefly showed vastly inflated cryptocurrency prices on Tuesday following apparent glitches on their respective platforms, leading some users to believe they made enormous gains off customer holdings. CoinMarketCap said Tuesday its engineering team was aware of incorrect price information on its site, which seems to have lasted for about an hour.
Soon after, it said the team "has deployed a fix, all prices should be accurate. It also joked about the incident on Twitter, saying "how did it feel to be a trillionaire for a couple hours? Later Tuesday, Coinbase confirmed the issue had been resolved and prices should again reflect the correct market value.
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