Coinbase had a very costly mistake which was unfortunate for them but fortunate for some coinbase crypto traders and investors in Georgia who cashed out big time due to their mistake, those coinbase users who benefited from coinbase mistake made massive profits of 100x or 100 times the market rate of whatever they were holding on crypto pairs denominated in the Georgian Lari (GEL) due to a technical bug issue, that was reported to come from a third party source mistake, which has cost them a huge loss between $14 million to $140 million.

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Who Would You Blame For The Massive Coinbase Loss?

Now, who is to be blamed for the coinbase exchange mistake and massive loss, the third party that made the huge decimal point placing error of the price of crypto pairs denominated in the Georgian Lari (GEL), instead of $2.90 they mistakenly made the exchange rate $290 which is 100x the normal rate, or Coinbase that didn't find out about the decimal point mistake placing that inflated the exchange rate for up to seven (7) hours which led to them being exploited by up to 900 users who cashed out huge sums of money, I would not add the 900+ users to this list because I don't blame them that much but a lot of people online are calling them criminals for taking advantage of the opportunity created by the mistake.

Saying that there is no difference between the users who cashed out and hackers that have been exploiting loopholes in crypto exchange platforms and stealing millions of dollars. My question here is who would you blame The Third Party, Coinbase, or Coinbase Users? everyone's opinion is valid please, I love to know what you think about this Coinbase current issue.

How Would Coinbase Recover The Money

The bottom line is that Coinbase wants their money back but am curious how they would get it back from the users, although recent news reports stated that Coinbase has already blocked the Debit cards and Bank accounts of the traders involved after transferring their funds to them in a supposed attempt to recover their funds but coinbase said that was not a command from them. I hope coinbase gets its money back though because either $14 million or $140 million is not a small amount to lose for a little mistake.

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