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Bithumb

All articles tagged with #bithumb

business19 days ago•23 min saved

Bithumb’s Bitcoin Bonanza Gone Wrong Triggers Internal Flash Crash

South Korea’s crypto exchange Bithumb accidentally credited users with 2,000 BTC each instead of 2,000 won in a Random Box giveaway. The error appeared on internal ledgers, not on-chain, and about 620,000 BTC (roughly $43 billion at the time) were credited before the issue was corrected; some recipients sold the funds, causing a temporary price drop on the exchange before Bitcoin rebounded. Bithumb recovered most of the BTC, stressed there was no hack, and said it will overhaul payout processes to prevent recurrence.

via Decrypt|

#airdrop-error #bitcoin #bithumb

business20 days ago•2 min saved

Bithumb glitch distributes $40B in Bitcoin to users, then reverses most of it

A South Korean crypto exchange, Bithumb, accidentally credited about 620,000 bitcoins—worth around $40 billion—to around 695 customers before promptly reversing most transfers. The firm recovered 99.7% of the funds, apologized, and plans to compensate affected users while regulators, including the Financial Supervisory Service, consider the incident. Bithumb will boost verification and add AI tools to detect abnormal activity and will waive trading fees for those impacted.

via BBC|

#bitcoin #bithumb #business

cryptocurrencies20 days ago•16 min saved

Bithumb Accidentally Airdrops $43B in Paper Bitcoin

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.

via Gizmodo|

#bithumb #cryptocurrencies #hacks

cryptocurrency1 year ago•2 min saved

VIRTUAL Token Soars as AI-Driven Digital Media Gains Momentum

Bithumb, a leading South Korean crypto exchange, has listed the AI-based token VIRTUAL, resulting in a 43% price surge within 24 hours. Trading began at 1,486 Korean Won, with deposits and withdrawals opening shortly after. The token's market cap soared to $1.3 billion, marking a significant increase since its launch in February. VIRTUAL's growth highlights the rising popularity of AI-driven cryptocurrencies, which now have a combined market cap of over $49.8 billion, as they transform industries like gaming and entertainment.

via Coinspeaker|

#ai #bithumb #cryptocurrency