More than £31million has been withdrawn.
More than £31million was withdrawn before the bank froze transactions after several hours People across Ethiopia have managed to withdraw large sums of money from their bank accounts after a system glitch. More than £31million was withdrawn mainly by students from the Commercial Bank of Ethiopia after they found out they could take out more money than they had in their bank accounts.
News of the glitch spread via messaging apps in Ethiopia It is not yet clear how successful the bank’s attempts have been to retrieve back the money. The CBE said it froze transactions, but this took several hours, local media reported. In a press statement, Abe Sano, president of the bank said: ‘There have been attempted cyber attacks but the bank’s cyber security was not compromised.
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