Bithumb Accidentally Airdrops $43B in Paper Bitcoin
TL;DR Summary
A clerical error at South Korean crypto exchange Bithumb sent 620,000 BTC (about $43 billion) to 695 customers as a promotional reward instead of 2,000 won; withdrawals were restricted, roughly 99.7% of the funds have been recovered, and there was a brief price dip on the exchange. Bithumb emphasized there was no hacking or external security breach.
- South Korean Crypto Exchange Accidentally Gave Away $43 Billion Worth of Paper Bitcoin Gizmodo
- South Korean crypto firm accidentally sends $44 billion in bitcoin to users CNBC
- S Korean crypto firm accidentally pays out $40bn in bitcoin BBC
- Crypto Exchange to Reimburse Some Users After $40 Billion Error Bloomberg
- Bithumb mistakenly sends bitcoin to users, causing 'temporarily fluctuation' in BTC price on exchange The Block
Reading Insights
Total Reads
1
Unique Readers
20
Time Saved
16 min
vs 17 min read
Condensed
98%
3,242 → 57 words
Want the full story? Read the original article
Read on Gizmodo