Ethiopia's largest bank is struggling to recoup funds after a glitch over the weekend allowed customers to withdraw millions of dollars, according to local media reports.
More than $40 million was reportedly withdrawn from the state-owned Commercial Bank of Ethiopia or transferred to other banks before transactions were halted.
In a post on X, the CBE confirmed the service interruption but denied that it was the result of a cyber attack. It added that its ATM services were now "fully operational."Bloomberg | Bloomberg | Getty Images
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