Steam Key Trading Bot: Coinbase Glitch Caused Missed Bitcoin Payments

KeyVendor.net, a bot for trading bitcoin keys used by the Steam entertainment platform, was not able to pay some customers their bitcoin a few days ago on account of a glitch at Coinbase, according to a notice KeyVendor posted on steamcommunity.com.
The problem has been resolved, and KeyVendor paid everyone their missing bitcoin an extra 10% for the inconvenience, totaling about $210 extra.
Coinbase was exploited and keys and bitcoin were stolen from the KeyVendor bot, totaling $15,000. Coinbase handled the problem within two days, according to Key. Vendor.net.
Coinbase Took Responsibility
According to ‘Jambo,’ referred to as the owner of KeyVendor.net on steamcommunity.com, Coinbase took responsibility for the exploit so that neither KeyVendor nor its users suffered any financial loss.

This post was published at Crypto Coins News on 26/09/2016.