The Block Media reported on Dec.24 that the Megabit exchange was engaged in ‘illegal’ trading when it reported 260,000 Bitcoins were traded at 5 won each.

The Block Media later found that it was ‘not intentional illegal trading, but a technical glitch that temporarily confused investors.’

The Megabit found that three investors exploited the technical glitches.

The Megabit took legal civil and criminal actions against the three investors, fixed technical errors in its trading system and corrected all wrong buying and selling orders.

It also said no financial damage was done on any of its investors.
The Block Media regretted the error.