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Otter@lemmy.ca to Programming@programming.devEnglish ·
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9 months ago

The Destruction of Knights Capital: The most expensive software bug in human history: $49 million/sec, $8.6 billion in 28 minutes.

www.quora.com

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The Destruction of Knights Capital: The most expensive software bug in human history: $49 million/sec, $8.6 billion in 28 minutes.

www.quora.com

Otter@lemmy.ca to Programming@programming.devEnglish ·
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9 months ago
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What is the costliest coding error anyone has ever made?
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Theodore Smith's answer: On this day, exactly 12 years ago (9:30 EDT 1 Aug 2012), was the most expensive software bug ever, in both terms of dollars per second and total lost. The company managed to pare losses through the heroics of Goldman Sachs, and “only” lost $457 million (which led to its d...
  • BakedGoods@sh.itjust.works
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    9 months ago

    And nothing of value was lost

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