From Cointelegraph: 2024-07-05 12:08:52

A security flaw in the popular trading platform, Robinhood, allowed users to borrow unlimited funds with no collateral. This glitch resulted in a potential loss of $5 million for the platform.

After discovering the bug, Robinhood quickly disabled the margin trading feature for all users and resolved the issue within hours. The company assured users that no one would be held responsible for any losses incurred during the incident.

The incident serves as a reminder of the risks associated with online trading platforms and the importance of robust security measures to protect user funds. Despite the quick resolution, users are left questioning how such a bug could have gone unnoticed for so long.

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