Today in Crypto: Bill Murray loses $185,000 to hacking
Coinbase users in the Eastern European country of Georgia have reportedly exploited a pricing error to withdraw holdings for 100 times the exchange rate.
Georgia’s lari currency was priced at $290 instead of $2.90 on Wednesday (August 31), CoinDesk wrote on Friday (September 2), which Coinbase said was a “third-party technical issue”. However, due to the bug, users who have $100 worth of the currency on Coinbase can withdraw it for $10,000.
Some users had their debit cards and accounts frozen after the transfer, which Coinbase said was not intended.
In other news, Max Keidun, CEO of peer-to-peer bitcoin exchange Hold Hodl, has said that his next platform might be able to make banks love bitcoin.
The platform, called Debifi, will allow users to take out long-term loans in stablecoins and fiat using their bitcoin as collateral, CoinDesk reported. It is expected to roll out next year, and Keidun said some banks have already expressed interest in joining as lenders, although he did not name any.
The lenders of both fiat and stablecoins will “all be institutions,” and Keidun said the fiat lenders will need the right licenses to join the platform.
Meanwhile, a hacker stole 119.2 ETH from Bill Murray’s crypto wallet just hours after the actor participated in a non-fungible token (NFT) auction.
The auction raised about $185,000 for charity, CoinDesk wrote. The hacker began moving the funds around 7pm ET on Thursday (September 1), according to data from Etherscan and Murray’s team, and the hacker also reportedly attempted to steal NFTs from the actor’s personal collection.
Finally, bitcoin trended lower all weekend after a solid unemployment report provided mixed implications for the Federal Reserve, which has been weighing what to do about interest rates.
The largest crypto was again below $20,000 for the ninth day in a row on Sunday (September 4), Bloomberg reported. For several days, it dipped below the $19,500 range, but not below $19,511, which was the record high at the time in December 2017.
While US job growth in the US cooled slightly for August, it was still healthy enough. The Fed has been looking at the numbers to see how to approach the possibility of another rate hike to try to combat inflation.
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