Ethiopian Bank Chaos: Customers Withdraw Millions in Technical Glitch
Customers of an Ethiopian bank were able to withdraw or transfer more money than they had in their accounts due to a technical glitch, resulting in over $40 million being taken out. The incident, which occurred during maintenance and inspection activities, led to long queues at ATMs before the bank halted transactions. The bank's president has urged students, who were among the main beneficiaries, to return any excess money voluntarily, assuring that they won't be prosecuted. The bank has not confirmed the cause of the glitch but denied it was related to a cyberattack.