US Edition
Toss Bank Glitch Offers Yen at Half Price, Triggers Gov't Inspection
7 Articles
7 Articles
(Seoul = Yonhap News) Reporters Im Su-jeong and Im Ji-woo = On the 11th, the Financial Supervisory Service will begin an on-site inspection of Toss Bank, which made a 'half-price yen transaction error.'
Following Bithumb, Toss also experienced an error... Japanese yen sold at half price. 100 yen exchanged for 472 won from 932 won... Some accounts blocked. This is a chance to get a 50% discount on Japanese yen. I set up automatic exchange, and it's a real deal. A Toss app error caused the price of 100 yen to drop by half. According to financial sources on the 10th,
[Digital Daily Reporter Lee Ho-yeon] Financial authorities will begin an on-site inspection of Toss Bank on the 11th after it erroneously traded Japanese yen at half the price. According to financial sources, the Financial Supervisory Service plans to conduct an on-site inspection of Toss Bank today to determine the cause of the currency exchange error and the extent of the damage. Earlier, for approximately seven minutes starting at 7:29 PM the…
FSS begins inspection of Toss Bank after Japanese yen mistakenly traded at half price
The Financial Supervisory Service has begun an on-site inspection of Toss Bank after a glitch caused Japanese yen to be traded at roughly half price on the finance app.
According to financial sources, the Financial Supervisory Service will conduct an on-site inspection of Toss Bank on the 11th to determine the cause of the currency exchange system error and the actual extent of the damage. After investigating the exact transaction size and the cause of the error, the financial authorities and Toss Bank plan to discuss whether to cancel the transaction and provide compensation to customers. A financial industry …
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