Coinbase Mistakenly Told Some Customers They Were Billionaires

For a brief moment, their worlds had changed. From a report: On Tuesday afternoon a Coinbase "display issue" changed the balances of an untold number of customers' accounts -- making many of them billionaires in the process. Billionaires on paper, that is, because as Coinbase hastily pointed out in a statement on Twitter, no real trading was affected by the glitch. "We're aware some customers are seeing inflated values for non-tradable crypto assets on and Coinbase Wallet," read the Coinbase statement acknowledging the error. "This is a display issue only and does not impact trading." But that message came too late for those who saw their inflated accounts and, if even only for a heart-stopping minute, thought they were rich.

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