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Exchange demands users return Bitcoin bought for $6K during tech glitch

Cryptocurrency Feb 24, 2021 01:40AM ET
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Exchange demands users return Bitcoin bought for $6K during tech glitch
 
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One of Southeast Asia’s biggest crypto exchanges is blaming a technical glitch for the price of Bitcoin dropping down to 300,000 PHP, roughly $6,100, on Feb. 16.

An unknown number of customers of the Philippine Digital Assets Exchange, or PDAX, managed to buy thousands of BTC from the exchange at a massive discount, making them local currency billionaires on paper — at least for a few hours.

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Exchange demands users return Bitcoin bought for $6K during tech glitch
 

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