PYMNTS-MonitorEdge-May-2024

Commercial Bank of Ethiopia

Ethiopian Banking Glitch Lets Consumers Withdraw Unlimited Funds
Ethiopian Banking Glitch Lets Consumers Withdraw Unlimited Funds
March 19, 2024  |  Security & Fraud

A banking glitch in Ethiopia reportedly let customers withdraw unlimited funds. Now, state-owned Commercial Bank of Ethiopia (CBE) is trying to recover the $40-plus million that was withdrawn or...

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