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In an essay for the Guardian , Jen Sinconis pens a sort of love letter to two ObamaCare tenets: a ban on lifetime limits on most benefits and on denying people insurance due to pre-existing conditions. Sinconis had access to neither when she had her twin boys 11 years ago. The…
This week security experts found a website glitch on the e-commerce marketplace Overstock that let customers purchase items for a fraction of the price. The reason users were getting such huge discounts is because the system was accidentally allowing bitcoin cash (BCH) purchases in place of items priced in bitcoin core (BTC).
‘Big Discounts’: Some Overstock Customers Pay for Items Priced in BTC With BCH
According to the company Krebs on Security and the security firm Bancsec, Overstock’s marketplace had a serious glitch allowing people to pay for products priced in BTC in BCH. On January 5 a Krebs researcher chose to purchase three outdoor solar lamps from Overstock which added up to $ 78.27. At the time Overstock’s invoices told the researcher to pay 0.00475574 bitcoins to a specific address. Instead of paying BTC, Krebs on Security decided to send 0.00475574 BCH to the specified address. In a matter of minutes, the researcher purchased the three lamps for roughly $ 12 worth of bitcoin cash.
If things couldn’t get any worse, they did: Krebs decided to get a refund for the three solar lamps purchased with BCH.
“I didn’t really want the solar lights, but also I had no interest in ripping off Overstock,” explains the Krebs employee.
So I canceled the order — To my surprise, the system refunded my purchase in bitcoin, not bitcoin cash.
Payment Glitch Lasted for Three Weeks
Krebs contacted Overstock and informed the firm that individuals were allowed to purchase lavish items like diamond rings for very little money compared to the real retail price. Overstock says they disabled the payment method glitch immediately after an independent researcher investigated the problem.
“After working with a researcher to confirm the findings, that method of payment was disabled while we worked with our cryptocurrency integration partner, Coinbase, to ensure they resolved the issue,” explains Overstock to Krebs. “We have since confirmed that the issue described in the finding has been resolved, and the cryptocurrency payment option has been re-enabled.”
Coinbase revealed to Krebs that the bug existed for “three weeks” and the issue was caused by the merchant partner “improperly using the return values” in the company’s merchant integration API.
What do you think about Overstock accidentally letting people buy items priced in BTC but used BCH instead? Let us know what you think of this story in the comments below.
Images via Shutterstock, Overstock, and the bitcoin cash logo.
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Serena Williams won’t be defending her Australian Open title next week, for good reason. She’s still bouncing back from complications from childbirth, which left her bedridden for six weeks, she tells Vogue . Williams, who appears on the February cover of the mag, says “everything went bad” a day after daughter…
NBA player Jamil Wilson — who’s expected to sign a contract with the Lakers on Wednesday — has been sued by a woman who claims he gave her herpes … and didn’t warn her he had the disease. It’s all in a lawsuit filed in L.A. County Superior…
Most people love peace and sports. But the sudden rapprochement between North and South Korea over the Winter Olympics pretty much trashes most norms of diplomacy.
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Motel 6 routinely gave guests’ information to immigration officials, Washington attorney general saysJanuary 4, 2018 | dailybusinessnews
Washington’s state attorney general sued Motel 6 on Wednesday, accusing the hotel chain of illegally giving information on thousands of guests to immigration enforcement officials who did not have warrants and who scrutinized guests with Latino-sounding names.
Motel 6 has faced scrutiny since September,…
South Korea has seized a Hong Kong-registered ship that allegedly transferred oil to a North Korean vessel in violation of United Nations sanctions.
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American Airlines has apologized to two black professional basketball players who were kicked off a plane in Dallas after a flight attendant accused them of stealing blankets. Airline spokesman Joshua Freed said Tuesday that Memphis Hustle guard Marquis Teague and forward Trahson Burrell boarded the flight bound for Sioux Falls,…
‘Tis the season to be generous—but not if you’re an ATM, and especially not if you’re dealing with Michael Joseph Oleksik. Police in Florida say the 23-year-old Merritt Island man was arrested and charged with criminal mischief over an attack that caused at least $ 5,000 in damage to…
It wasn’t exactly a flaming bag of dog poop, but Steve Mnuchin lives in a nicer than average neighborhood: Authorities say a gift-wrapped box of horse manure addressed to the US Treasury secretary was found near his home in Los Angeles, reports the AP . The package was found Saturday night…