Google Cloud deletes Australian trading fund’s infra

14 · · May 20, 2026, 8:31 a.m.
Summary
A significant incident occurred when Google Cloud almost caused a $124 billion Australian trading fund to lose all stored data due to a deletion issue with regional replication. Fortunately, the fund had a third-party backup, but this incident highlights potential vulnerabilities in cloud storage systems. Google's CEO acknowledged the mistake.