-
Oops! South Korean crypto exchange accidentally hands out $40B in Bitcoin
A South Korean crypto exchange accidentally dumped more than $40 billion worth of Bitcoin into customer accounts — an astounding error during a giveaway meant to award prizes worth just a few cents each. The blunder at Bithumb, South Korea’s second-largest cryptocurrency exchange, briefly turned ordinary users into nine-figure Bitcoin holders and triggered a brief crash that rattled the country’s tightly watched digital-asset market. The incident happened Friday when a Bithumb employee was tasked with distributing giveaway prizes totaling 620,000 Korean won — about $425 — as part of a promotional “random ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From channelnewsasia.com | Feb 11, 2026
South Korea's Bithumb said on Wednesday that serious flaws had left the crypto exchange's internal system susceptible to potential sabotage and failed to prevent an erroneous transfer of more than $40 billion in assets last week. The country's second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a ...
An alleged ransom note involved in the Nancy Guthrie case is sparking questions about how Bitcoin and cryptocurrency show up in crimes. Bezalel Eithan Raviv, the CEO of Lionsgate Network, a blockchain forensics firm, explains how cryptocurrency works in these type of investigations. The 84-year-old has been missing since Jan. 31 out of her Tucson-area home. ...
From dailymail.co.uk | Feb 10, 2026
A Bitcoin account referenced in a ransom note for Nancy Guthrie's started to see activity Tuesday night as investigators follow up on leads in Tucson. Guthrie's alleged captors had set up a cryptocurrency account, asking her family members to deposit $6 million in Bitcoin to the account by Monday night. The deadline then passed without any money posted, but ...
