"Ethiopian Bank's Technical Glitch Enables Unlimited Withdrawals of Millions"

TL;DR Summary
A "systems glitch" at the Commercial Bank of Ethiopia allowed customers to withdraw more money than they had in their accounts, resulting in over $40 million being withdrawn or transferred before the bank could freeze transactions. The glitch was first discovered by students and spread through universities via messaging apps and phone calls, leading to long lines at campus ATMs and police intervention. The bank is now working to recoup the money, and the bank president has stated that anyone who returns it will not be charged with a crime.
- 'Glitch' Allows Customers to Withdraw Millions They Don't Have Newser
- Commercial Bank of Ethiopia glitch lets customers withdraw millions BBC.com
- Ethiopian bank seeks to recover millions after a technical glitch triggered massive withdrawals ABC News
- Ethiopian Banking Glitch Lets Consumers Withdraw Unlimited Funds PYMNTS.com
- Ethiopian bank seeks to recover millions after glitch triggers massive withdrawals Sky News
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