⚡️🚨 ALERT - Bithumb accidentally sends out 2000 BTC to users who immediately market dump
A major operational mistake at South Korea’s crypto exchange Bithumb reportedly led to the accidental distribution of 2,000 BTC ($130M) instead of 2,000 KRW ($1.50) as a rewards payout.
According to multiple reports, a staff member intended to issue a small random prize worth about $1.50 but mistakenly entered BTC as the unit.
As a result, hundreds of users received unexpected Bitcoin payouts, totaling roughly 2,000 BTC, valued near $130M at current prices.
Recipients immediately sold, causing Bitcoin on Bithumb to crash more than 10% below global market prices before stabilizing.
The incident highlights how internal ledger errors and off-chain accounting can still create severe market dislocations, even in 2026, with no corresponding on-chain movement of real Bitcoin.
A costly reminder that exchange risk remains very real.
A major operational mistake at South Korea’s crypto exchange Bithumb reportedly led to the accidental distribution of 2,000 BTC ($130M) instead of 2,000 KRW ($1.50) as a rewards payout.
According to multiple reports, a staff member intended to issue a small random prize worth about $1.50 but mistakenly entered BTC as the unit.
As a result, hundreds of users received unexpected Bitcoin payouts, totaling roughly 2,000 BTC, valued near $130M at current prices.
Recipients immediately sold, causing Bitcoin on Bithumb to crash more than 10% below global market prices before stabilizing.
The incident highlights how internal ledger errors and off-chain accounting can still create severe market dislocations, even in 2026, with no corresponding on-chain movement of real Bitcoin.
A costly reminder that exchange risk remains very real.
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