Oops! South Korean crypto exchange accidentally hands out $40B in Bitcoin
The blunder at Bithumb, South Korea’s second-largest cryptocurrency exchange, briefly turned ordinary users into nine-figure Bitcoin holders.
Last updated: 2026-02-11 19:03:38 ET
The blunder at Bithumb, South Korea’s second-largest cryptocurrency exchange, briefly turned ordinary users into nine-figure Bitcoin holders.
South Korean authorities launched an investigation into Bithumb after it mistakenly credited 620,000 BTC to users, adding to concerns about “paper B...
Bithumb has apologised for staff error that sent customers 620,000 bitcoins instead of 620,000 Korean won, equivalent to a few hundred US dollarsSouth...
South Korea’s financial watchdog detailed planned investigations into high-risk trading tactics as it prepares the next phase of crypto regulation, ...
Bithumb says it has reclaimed most of the excess BTC credited during a promotional error and used company funds to cover 1,788 Bitcoin that had alread...
The move triggered a sharp selloff on the Bithumb exchange. The company apologized for the mistake.
The South Korean exchange said an internal error during a promotional event led to brief price dislocations, stressing that no customer assets were lo...