"Ethiopian Bank's Technical Glitch Sparks Massive Customer Withdrawals of Millions"
Ethiopia's largest bank, the Commercial Bank of Ethiopia, is facing a financial crisis after a technical glitch allowed customers to withdraw more money than they had in their accounts, resulting in reported losses of over $40 million. The glitch, attributed to a routine system update gone wrong, led to long lines at ATMs and temporary closure of banking operations. Ethiopian officials have ruled out a cyberattack, and the bank is now attempting to recover the substantial sums withdrawn during the incident.
