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Largest bank in Ethiopia hit by IT glitch that allowed customers to withdraw over $40 million
The bank says that no charges will be brought against customers who return the money
techspot.com ^
| March 20, 2024 a
| Rob Thubron
Posted on 03/23/2024 12:53:04 PM PDT by daniel1212
Customers of Ethiopia's largest bank had a nice surprise this week when a glitch allowed them to withdraw unlimited funds. More than $40 million was withdrawn from the state-owned Commercial Bank of Ethiopia (CBE) or transferred to other banks, and recouping it isn't going to be easy...
By the time the bank realized what was going on and froze transactions a few hours later, more than 2.4 billion Ethiopian birr (around $40 million) had been withdrawn or moved to other banks...
much of the money had been withdrawn by students. News that the CBE was giving away unlimited money spread across universities in the country via social media, messaging apps and phone calls,
TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: crime; cybertheft; hackers
Such reveals the nature of man, as it is not only what we do which manifests character, but what would do if given more, or had less. God only knows the whole of it, but allows man to manifest much.
To: daniel1212
Glitch my ass. I’m guessing inside job with outside accomplices.
2
posted on
03/23/2024 12:54:43 PM PDT
by
Lizavetta
To: daniel1212
How are Ethiopian Customers taking $40 million each, even ten percent of what our politicians are doing to us?
3
posted on
03/23/2024 1:00:34 PM PDT
by
blackdog
((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
To: daniel1212
Go On Take The Money And Run
4
posted on
03/23/2024 1:00:58 PM PDT
by
NWFree
(Sigma male 🤪)
To: Lizavetta
“Glitch my ass. I’m guessing inside job with outside accomplices.”
Exactly.
5
posted on
03/23/2024 1:01:05 PM PDT
by
dljordan
To: daniel1212
I’m thinking Nigerian Prince.
6
posted on
03/23/2024 1:08:23 PM PDT
by
AloneInMass
(You'd think there would be more similarity between "chain letter" and "chain mail".)
To: Lizavetta
much of the money had been withdrawn by students.
7
posted on
03/23/2024 1:38:34 PM PDT
by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: PeterPrinciple
Those “students” are the bright future of the country.
8
posted on
03/23/2024 1:56:30 PM PDT
by
Marko413
To: AloneInMass
I was thinking here come the emails. I am a Nigerian prince that came into a large sum of money from an Ethiopian bank but I need help getting it to my bank account….
9
posted on
03/23/2024 2:21:19 PM PDT
by
gunnut
To: Lizavetta
Maybe I should open that mail about helping transfer millions from an Ethiopian Prince.
To: daniel1212
much of the money had been withdrawn by students. The same students who created the "Glitch". ☺
11
posted on
03/23/2024 3:14:55 PM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: blackdog
How are Ethiopian Customers taking $40 million each, They were not.
It was 40 million all together.
12
posted on
03/23/2024 3:26:54 PM PDT
by
Harmless Teddy Bear
( Roses are red, Violets are blue, I love being on the government watch list, along with all of you.)
To: daniel1212
13
posted on
03/23/2024 3:35:24 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
To: SaveFerris
Yes, if not being a “feature.”
14
posted on
03/24/2024 5:37:11 AM PDT
by
daniel1212
(Turn 2 the Lord Jesus who saves damned+destitute sinners on His acct, believe, b baptized+follow HIM)
To: daniel1212
Sounds like the government with illegals. It’s all FREE
15
posted on
03/24/2024 11:18:51 AM PDT
by
Organic Panic
(Democrats. Memories as short as Joe Biden's eyes.)
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