Man counting local Ethiopian currency birr notes
More than 40 million people have an account with the bank.
  • Customers of an Ethiopian bank found they could withdraw unlimited cash for a few hours last weekend. 
  • More than $40 million was withdrawn or transferred from CBE, local media reported.
  • Maintenance and inspection activities rather than a cyberattack could be to blame for the incident.

A technical glitch let customers of an Ethiopian bank take out or transfer more money they had in their accounts.

Local media reported that more than $40 million had been withdrawn.

Long queues formed at ATMs as news spread in the early hours of Saturday morning that unlimited withdrawals could be made from the Commercial Bank of Ethiopia (CBE), the reports said.