Southeast Asian Exchange PDAX Slams Door on Glitch Beneficiaries

A Southeast Asian crypto exchange called PDAX recently experienced an unusual glitch that allowed traders to buy Bitcoin at an unusually low price of $6,100.

The glitch occurred due to a 'massive surge in activity leading to a glitch,' according to PDAX's CEO Nichel Gaba, who stated that the underlying Bitcoins were never in the possession of the exchange.

As a result, some traders took advantage of this situation and cashed out the maximum amount of 1 BTC per day. However, they are now being threatened with legal action by PDAX unless they return the crypto speedily.

The exchange's own terms and conditions state that 'Orders, once executed, are final and irreversible,' which has led some users to debate whether or not they need to comply with this order.