Re:Five major Canadian banks mysteriously go offline in hour...
by arilotter on Thursday February 17, 2022 @11:29AM
(#30374934)
Tracking and freezing accounts is something banks do all day every day, there's no reason this would be related to bank downtime.
[ Parent
| on HN ]
Re:Five major Canadian banks mysteriously go offline in hour...
by UnpossibleJim on Thursday February 17, 2022 @11:33AM
(#30374995)
Oh, no. I was referring to the conspiracy theory portion of the comment. I've no idea what is responsible for the down time. Could be software tracking at time of, before people start pulling funds in preparation for the freezing of funds as the order went through, or a simple network error. Any speculation, is just that. Speculation. The timing is suspect, though, but that's really all that can be said.
EDIT: Or in thinking about it further, it could have been thoughts of self preservation on the banks part. In order to keep a decent portion of their customer base from transferring their funds to "offshore" banks, of some sort, they simply closed their proverbial doors for a time, to let the panic die down.