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The $1 Reward That Became $44 Billion
I know Bitcoin has lost a lot of value recently, but South Korean crypto exchange Bithumb surely overreacted by handing out more than $40 billion worth of the cryptocurrency to its customers. The problem arose when the exchange decided to offer a reward of 2,000 Korean won as part of a marketing campaign. At current exchange rates, that is worth about $1.37 – such a small amount that you wonder why anyone would bother claiming it. But somewhere along the line, the Korean won prize was replaced by an equivalent amount of Bitcoin, which, even in these difficult market conditions, is worth rather more than a dollar ... (full story)