March 1, 2025

Citibank Sent $81 Trillion By Accident—WHAT WENT WRONG?

Citigroup intended to transfer $280 to a client but somehow ended up crediting them $81 trillion.

It took three employees a full 90 minutes to spot the blunder and undo it.

No cash actually left the bank, but seriously—$81 trillion?

Turns out, the glitch stemmed from a system preloaded with 15 zeros, requiring manual input.

Citi’s no stranger to slip-ups—slapped with a $136M fine in 2024 and $400M in 2020 for shaky risk management.

Maybe it’s time someone double-checks their math.

Source: Insider Paper

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