The Morning After: refunded someone $7.2 million by mistake

If you ever want a reminder of how hard it is to run a financial institution, check out this unfortunate error made by

It accidentally refunded one of its customers around $7.2 million, rather than the $68 she was expecting.

Even worse, the company didn’t discover the expensive snafu until nearly seven months after the transfer.

Given the basic tenets of crypto-libertarianism and its philosophical resentment of institutions, you might have expected the site to just write off the loss.

But the platform has instead gone to the courts to get the cash back, forcing the woman to return it, with interest.

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