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Headline: The $43 Billion Glitch! 🇰🇷 Bithumb’s "Phantom Bitcoin" Error Exposed!
What if you woke up with 2,000 BTC in your account? This actually happened on February 6-9, 2026 at Bithumb! Here is the breakdown of the biggest "Fat Finger" error in crypto history:
The Horror Story:
⌨️ Input Error: A staff member sent 2,000 BTC instead of 2,000 Won to 249 winners.
👻 Ghost Coins: Total 620,000 BTC ($43B) were created out of thin air in Bithumb’s internal system. This is 15x more than the exchange actually holds!
📉 Flash Crash: Panic selling caused a 17% price drop on the platform, crashing BTC to $55,000 locally.
🛡️ The Cleanup: Bithumb froze withdrawals within 35 mins and has recovered 99.7% of the funds.
Expert Analysis:
This incident highlights a massive flaw in CEX (Centralized Exchange) internal controls. While the funds are recovered, the "Crisis of Confidence" is real. South Korean regulators are now launching on-site inspections.
Lesson for Traders: Always keep your long-term holdings in a cold wallet. Internal exchange ledgers can be vulnerable to human error!
Would you have tried to withdraw the "Phantom BTC" or reported the glitch immediately? 😂👇
#BitcoinGlitch #bithumb #WhaleDeRiskETH #GoldSilverRally #BinanceBitcoinSAFUFund
What if you woke up with 2,000 BTC in your account? This actually happened on February 6-9, 2026 at Bithumb! Here is the breakdown of the biggest "Fat Finger" error in crypto history:
The Horror Story:
⌨️ Input Error: A staff member sent 2,000 BTC instead of 2,000 Won to 249 winners.
👻 Ghost Coins: Total 620,000 BTC ($43B) were created out of thin air in Bithumb’s internal system. This is 15x more than the exchange actually holds!
📉 Flash Crash: Panic selling caused a 17% price drop on the platform, crashing BTC to $55,000 locally.
🛡️ The Cleanup: Bithumb froze withdrawals within 35 mins and has recovered 99.7% of the funds.
Expert Analysis:
This incident highlights a massive flaw in CEX (Centralized Exchange) internal controls. While the funds are recovered, the "Crisis of Confidence" is real. South Korean regulators are now launching on-site inspections.
Lesson for Traders: Always keep your long-term holdings in a cold wallet. Internal exchange ledgers can be vulnerable to human error!
Would you have tried to withdraw the "Phantom BTC" or reported the glitch immediately? 😂👇
#BitcoinGlitch #bithumb #WhaleDeRiskETH #GoldSilverRally #BinanceBitcoinSAFUFund
🚨 حادث تقني صادم في Bithumb يهز السوق الكوري!
ما الذي حدث بالضبط؟ 🤔
شهدت منصة Bithumb الكورية، إحدى أكبر منصات تداول العملات المشفرة في آسيا، خللًا تقنيًا غير مسبوق أدى إلى:
✅ إدراج أرصدة بيتكوين غير مستحقة في حسابات عدد من المستخدمين بسبب خطأ في نظام المكافآت
✅ انخفاض سعر البيتكوين محليًا على المنصة إلى حدود $55,000
✅ ظهور فارق سعري واضح مقارنة بباقي المنصات العالمية
السبب
الحادث نتج عن خطأ في آلية توزيع المكافآت، حيث تم احتساب قيمة المكافآت بوحدة خاطئة، ما أدى إلى إدراج كميات من البيتكوين في حسابات المستخدمين دون أن تكون مستحقة فعليًا.
التأثير على السوق 📉
ذعر مؤقت في السوق الكوري
ضغط بيعي كبير من مستخدمين اعتقدوا أن الأرصدة حقيقية
تدخل سريع من إدارة المنصة عبر إيقاف التداول مؤقتًا وتصحيح الخلل
الدروس المستفادة 💡
1️⃣ الأمان التقني أولوية: حتى المنصات الكبرى معرضة للأخطاء التشغيلية
2️⃣ لا تثق بالأسعار الشاذة: الفروقات السعرية الكبيرة إشارة تحذير واضحة
3️⃣ تنويع المنصات: لا تضع كامل أصولك في منصة واحدة
حالة المنصة الآن ✅
تم احتواء الموقف، وأكدت المنصة أن الأرصدة غير المستحقة تم تصحيحها، مع عودة التداول إلى وضعه الطبيعي.
💬 ما رأيك في هذا الحادث؟
هل تعتقد أن المنصات المركزية تحتاج إلى معايير رقابة وأمان أعلى؟
#Bithumb #CryptoNews #ExchangeRisk #dyor
ما الذي حدث بالضبط؟ 🤔
شهدت منصة Bithumb الكورية، إحدى أكبر منصات تداول العملات المشفرة في آسيا، خللًا تقنيًا غير مسبوق أدى إلى:
✅ إدراج أرصدة بيتكوين غير مستحقة في حسابات عدد من المستخدمين بسبب خطأ في نظام المكافآت
✅ انخفاض سعر البيتكوين محليًا على المنصة إلى حدود $55,000
✅ ظهور فارق سعري واضح مقارنة بباقي المنصات العالمية
السبب
الحادث نتج عن خطأ في آلية توزيع المكافآت، حيث تم احتساب قيمة المكافآت بوحدة خاطئة، ما أدى إلى إدراج كميات من البيتكوين في حسابات المستخدمين دون أن تكون مستحقة فعليًا.
التأثير على السوق 📉
ذعر مؤقت في السوق الكوري
ضغط بيعي كبير من مستخدمين اعتقدوا أن الأرصدة حقيقية
تدخل سريع من إدارة المنصة عبر إيقاف التداول مؤقتًا وتصحيح الخلل
الدروس المستفادة 💡
1️⃣ الأمان التقني أولوية: حتى المنصات الكبرى معرضة للأخطاء التشغيلية
2️⃣ لا تثق بالأسعار الشاذة: الفروقات السعرية الكبيرة إشارة تحذير واضحة
3️⃣ تنويع المنصات: لا تضع كامل أصولك في منصة واحدة
حالة المنصة الآن ✅
تم احتواء الموقف، وأكدت المنصة أن الأرصدة غير المستحقة تم تصحيحها، مع عودة التداول إلى وضعه الطبيعي.
💬 ما رأيك في هذا الحادث؟
هل تعتقد أن المنصات المركزية تحتاج إلى معايير رقابة وأمان أعلى؟
#Bithumb #CryptoNews #ExchangeRisk #dyor
Camellia Dinardi NdkU:
好听点是误发.实话就是假币砸盘. 老套路了
Bithumb Error Gives Users $43 Billion in Free #Bitcoin
South Korean exchange #Bithumb accidentally credited users with 2,000 $BTC instead of 2,000 Korean won during a promotional giveaway, triggering account restrictions and temporary price disruptions before internal systems corrected the error. The platform disclosed Friday that 695 users received erroneous transfers totaling 620,000 $BTC , valued at approximately $43 billion
South Korean exchange #Bithumb accidentally credited users with 2,000 $BTC instead of 2,000 Korean won during a promotional giveaway, triggering account restrictions and temporary price disruptions before internal systems corrected the error. The platform disclosed Friday that 695 users received erroneous transfers totaling 620,000 $BTC , valued at approximately $43 billion
Bithumb Exchange Overview
Founded: 2014 (as “Xcoin”) by Kim Dae-sik, It quickly became Korea’s dominant crypto platform (by 2017 handling ~70% of domestic trading and even leading global volume) In 2018 a BK Global investment group (fronted by plastic surgeon Kim Byung-gun) bought a controlling stake. Today Bithumb (CEO Lee Jae-won) remains one of South Korea’s largest KRW-based exchanges.
Major incidents: Bithumb has weathered several crises. In June 2018 hackers stole about $31 million in crypto, and in March 2019 roughly $19 million of EOS/XRP was taken (an insider heist was suspected) In April 2024 an internal breach cost roughly $20 million.
Authorities also stepped in: a 2018 tax raid hit Bithumb, and in 2023–24 top executives faced legal charges (Ex-CEO Lee Sang-jun got 2 years for taking listing bribes, and Kang Jong-hyun – a “de facto” owner – was arrested for stock manipulation)
Feb 2026 pricing glitch:
During a Feb 6, 2026 promo event, a software error credited 2,000 BTC (instead of ₩2,000) to about 695 users, Recipients immediately sold their windfall, causing Bithumb’s BTC price to flash-crash (~17% drop to ~₩81M, about $55K) on that platform Bithumb froze trades (~35 min), halted withdrawals, and recovered ~99.7% of the mistaken BTC, The exchange publicly apologized and stressed the mishap was an internal accounting error (no external hack occurred) – reassuring that no actual customer funds were lost.
Sources: Authoritative news and the exchange’s official statement en.wikipedia.org, thenextweb.com, feed.bithumb.com, hackread.com, financemagnates.com! These detail Bithumb’s founding, growth, past hacks/regulatory cases, and the Feb 2026 glitch, Each fact is from a cited report!!
#BTC走势分析 #Bithumb
Major incidents: Bithumb has weathered several crises. In June 2018 hackers stole about $31 million in crypto, and in March 2019 roughly $19 million of EOS/XRP was taken (an insider heist was suspected) In April 2024 an internal breach cost roughly $20 million.
Authorities also stepped in: a 2018 tax raid hit Bithumb, and in 2023–24 top executives faced legal charges (Ex-CEO Lee Sang-jun got 2 years for taking listing bribes, and Kang Jong-hyun – a “de facto” owner – was arrested for stock manipulation)
Feb 2026 pricing glitch:
During a Feb 6, 2026 promo event, a software error credited 2,000 BTC (instead of ₩2,000) to about 695 users, Recipients immediately sold their windfall, causing Bithumb’s BTC price to flash-crash (~17% drop to ~₩81M, about $55K) on that platform Bithumb froze trades (~35 min), halted withdrawals, and recovered ~99.7% of the mistaken BTC, The exchange publicly apologized and stressed the mishap was an internal accounting error (no external hack occurred) – reassuring that no actual customer funds were lost.
Sources: Authoritative news and the exchange’s official statement en.wikipedia.org, thenextweb.com, feed.bithumb.com, hackread.com, financemagnates.com! These detail Bithumb’s founding, growth, past hacks/regulatory cases, and the Feb 2026 glitch, Each fact is from a cited report!!
#BTC走势分析 #Bithumb
A crypto exchange briefly traded billions in Bitcoin that didn’t exist.$ZEC
One small promo mistake at Bithumb credited Bitcoin instead of cash, creating hundreds of thousands of fake BTC.$GPS
The system didn’t stop it. Those numbers entered real trading screens.$BTC
People sold. Price on Bithumb fell 17%, while the rest of the market stayed calm.
Within minutes, the error was found and almost everything was rolled back.
No coins ever moved on-chain. Bitcoin’s supply was never affected.
This wasn’t fraud or a collapse - it was a control failure.
But it revealed something uncomfortable: exchange balances are just internal numbers.
Until you withdraw, that Bitcoin isn’t really yours.
#WhaleDeRiskETH
#BTCMiningDifficultyDrop
#Bithumb
#crypto
#CryptoCommunitys
One small promo mistake at Bithumb credited Bitcoin instead of cash, creating hundreds of thousands of fake BTC.$GPS
The system didn’t stop it. Those numbers entered real trading screens.$BTC
People sold. Price on Bithumb fell 17%, while the rest of the market stayed calm.
Within minutes, the error was found and almost everything was rolled back.
No coins ever moved on-chain. Bitcoin’s supply was never affected.
This wasn’t fraud or a collapse - it was a control failure.
But it revealed something uncomfortable: exchange balances are just internal numbers.
Until you withdraw, that Bitcoin isn’t really yours.
#WhaleDeRiskETH
#BTCMiningDifficultyDrop
#Bithumb
#crypto
#CryptoCommunitys
🚨 فضيحة Bithumb: 620,000 بيتكوين “مزيفة” على السلسلة؟!
في يوم الجمعة الماضي، تسبب خلل تقني في منصة Bithumb بإصدار وتوزيع 620,000 بيتكوين لم تكن موجودة أصلاً على البلوكشين.
للتوضيح، كانت المنصة تمتلك فقط:
175 بيتكوين في سجلاتها الداخلية
42,619 بيتكوين تخص العملاء
ومع ذلك، تعامل النظام مع هذه العملات الوهمية وكأنها حقيقية، ما أثار صدمة واسعة في المجتمع المالي.
المشرعون في كوريا الجنوبية وصفوا الحادثة بأنها خلل هيكلي في النظام وليس مجرد خطأ بشري، ما يجعل المسؤولية أعمق وأكثر تعقيدًا.
الجهات التنظيمية بدأت بالفعل عمليات تفتيش ميدانية وقد تفرض عقوبات صارمة على المنصة قريبًا. هذا الحدث يسلط الضوء على المخاطر التقنية والرقابية في تداول العملات الرقمية المركزية.
#Bithumb #bitcoin #CryptoErrori #blockchain #CryptoRegulationBattle
📊هده عملات في صعود قوي: 👇
💎 $YALA
💎 $PIPPIN
💎 $DUSK
في يوم الجمعة الماضي، تسبب خلل تقني في منصة Bithumb بإصدار وتوزيع 620,000 بيتكوين لم تكن موجودة أصلاً على البلوكشين.
للتوضيح، كانت المنصة تمتلك فقط:
175 بيتكوين في سجلاتها الداخلية
42,619 بيتكوين تخص العملاء
ومع ذلك، تعامل النظام مع هذه العملات الوهمية وكأنها حقيقية، ما أثار صدمة واسعة في المجتمع المالي.
المشرعون في كوريا الجنوبية وصفوا الحادثة بأنها خلل هيكلي في النظام وليس مجرد خطأ بشري، ما يجعل المسؤولية أعمق وأكثر تعقيدًا.
الجهات التنظيمية بدأت بالفعل عمليات تفتيش ميدانية وقد تفرض عقوبات صارمة على المنصة قريبًا. هذا الحدث يسلط الضوء على المخاطر التقنية والرقابية في تداول العملات الرقمية المركزية.
#Bithumb #bitcoin #CryptoErrori #blockchain #CryptoRegulationBattle
📊هده عملات في صعود قوي: 👇
💎 $YALA
💎 $PIPPIN
💎 $DUSK
Bithumb , a centralized South Korean exchange accidentally Credited it's Users accounts with approx $61 Billion worth in $BTC.
This happened during an event when the users were to be credited with Korean won and instead of that they received millions of $BTC
#BithumbNews #Bithumb
This happened during an event when the users were to be credited with Korean won and instead of that they received millions of $BTC
#BithumbNews #Bithumb
🇰🇷South Korea Tightens Crypto Market Oversight!
South Korean regulators are set to intensify investigations into crypto market manipulation this year.
Key targets:
• Whale pumping
• Fake price support
• Abnormal mass-buy spikes
The move comes after Bithumb’s accidental transfer of 620,000 BTC, which briefly pushed BTC down to $55K on the platform.
Market surveillance is rising. The era of easy manipulation is shrinking.
$BTC #SouthKoreaCrypto #Bithumb
South Korean regulators are set to intensify investigations into crypto market manipulation this year.
Key targets:
• Whale pumping
• Fake price support
• Abnormal mass-buy spikes
The move comes after Bithumb’s accidental transfer of 620,000 BTC, which briefly pushed BTC down to $55K on the platform.
Market surveillance is rising. The era of easy manipulation is shrinking.
$BTC #SouthKoreaCrypto #Bithumb
BITHUMB ERRORED. BILLIONS VANISHED.
This is not a drill. An operational blunder on Bithumb unleashed chaos. 620,000 BTC mistakenly sent, not KRW. That's 600 trillion KRW in pure Bitcoin. Most is back, but 125 BTC remain missing. Over 80 users cashed out. 3 billion KRW hit personal accounts. Another 10 billion KRW bought altcoins. Bithumb is scrambling to recover funds. They promise full compensation for market drops and a 10% bonus. Fees waived for a week. The market is reacting.
#Bithumb #CryptoNews #Bitcoin $BTC #MarketCrash
🔥
This is not a drill. An operational blunder on Bithumb unleashed chaos. 620,000 BTC mistakenly sent, not KRW. That's 600 trillion KRW in pure Bitcoin. Most is back, but 125 BTC remain missing. Over 80 users cashed out. 3 billion KRW hit personal accounts. Another 10 billion KRW bought altcoins. Bithumb is scrambling to recover funds. They promise full compensation for market drops and a 10% bonus. Fees waived for a week. The market is reacting.
#Bithumb #CryptoNews #Bitcoin $BTC #MarketCrash
🔥
🚨 BREAKING: Bithumb's $40 Billion Bitcoin Blunder! 🚨
In a shocker that's got the crypto world buzzing, South Korean exchange Bithumb accidentally distributed over 2,000 $BTC (approx. $40 BILLION at current market prices) to users during a routine reward distribution.
Imagine logging in to see that in your wallet! While they've reported recovering 99.7% of the funds, this incident is a stark reminder of:
• The power of a single typo.
• The importance of robust security & internal controls for exchanges.
• Why #DYOR and holding your own keys matters
What are your thoughts on this massive mistake? Could it happen to a larger exchange? Share below! 👇
#Bithumb #bitcoin #CryptoNews #ExchangeHack
Imagine logging in to see that in your wallet! While they've reported recovering 99.7% of the funds, this incident is a stark reminder of:
• The power of a single typo.
• The importance of robust security & internal controls for exchanges.
• Why #DYOR and holding your own keys matters
What are your thoughts on this massive mistake? Could it happen to a larger exchange? Share below! 👇
#Bithumb #bitcoin #CryptoNews #ExchangeHack
🚨 $40 BILLION ERROR: The Bithumb Bitcoin Glitch!
Can you imagine waking up with 2,000 BTC in your account? 😱 South Korean exchange #Bithumb accidentally distributed over $40 Billion in Bitcoin to users yesterday during a promotion! The Sunday Guardian
The Update👇🏻
Bithumb has already recovered 99.7% of the funds. 🛠️
The error briefly caused extreme volatility as lucky users tried to sell! 📉💨
Status: Trading is stabilizing, but the "fat finger" mistake of the year is all over global news.
What would you do if you saw 2,000 $BTC in your wallet by mistake? Be honest! 😂👇 #CryptoNews #Bithumb
Can you imagine waking up with 2,000 BTC in your account? 😱 South Korean exchange #Bithumb accidentally distributed over $40 Billion in Bitcoin to users yesterday during a promotion! The Sunday Guardian
The Update👇🏻
Bithumb has already recovered 99.7% of the funds. 🛠️
The error briefly caused extreme volatility as lucky users tried to sell! 📉💨
Status: Trading is stabilizing, but the "fat finger" mistake of the year is all over global news.
What would you do if you saw 2,000 $BTC in your wallet by mistake? Be honest! 😂👇 #CryptoNews #Bithumb
Terri Muirhead aUuR:
Are you interested?
🚨 ERRO DE 40 BILHÕES: O dia em que o Bitcoin "brotou" nas carteiras!
Vocês viram o que aconteceu na Bithumb hoje? Um erro promocional enviou 2.000 BTC para cada um dos 695 usuários afetados. Sim, você leu certo: bilhões de dólares distribuídos por engano! 😱
Isso causou uma pressão de venda instantânea e um susto enorme no mercado global. Embora a corretora afirme ter recuperado 99,7% dos fundos, o episódio levanta o eterno debate: "Not your keys, not your coins". Até onde a infraestrutura das CEXs é infalível?
Esse tipo de evento me faz reforçar: mantenha sua custódia segura e não dependa apenas de um ponto de falha. O susto passou, mas a lição fica.
E se caísse 2.000 BTC na sua conta hoje por erro, você tentaria sacar ou devolveria?
Seja honesto! 👇
$BTC
#Bithumb #Bitcoin #segurança
Vocês viram o que aconteceu na Bithumb hoje? Um erro promocional enviou 2.000 BTC para cada um dos 695 usuários afetados. Sim, você leu certo: bilhões de dólares distribuídos por engano! 😱
Isso causou uma pressão de venda instantânea e um susto enorme no mercado global. Embora a corretora afirme ter recuperado 99,7% dos fundos, o episódio levanta o eterno debate: "Not your keys, not your coins". Até onde a infraestrutura das CEXs é infalível?
Esse tipo de evento me faz reforçar: mantenha sua custódia segura e não dependa apenas de um ponto de falha. O susto passou, mas a lição fica.
E se caísse 2.000 BTC na sua conta hoje por erro, você tentaria sacar ou devolveria?
Seja honesto! 👇
$BTC
#Bithumb #Bitcoin #segurança
IAGAMERBR:
o espelho da vida e o olhar de sinceridade então nasci honesto e vou continuar assim e para poucos nunca precisei pegar uma agulha devolveria com certeza
The "Ghost Coin" Glitch: Bithumb’s $44B Blunder and the Road to Recovery
What started as a routine promotion for the South Korean exchange Bithumb ended in a "Nuclear-level" event for the crypto markets. This weekend, the industry witnessed the largest accidental financial disbursement in digital asset history, and as of today, February 8, the fallout is still being calculated.
1. The 2,000 KRW vs. 2,000 BTC Nightmare
The crisis began when a staff member at Bithumb made a catastrophic input error during a "Random Box" reward event.
The Error: Instead of sending 2,000 Korean Won (roughly $1.40) to 695 users, the system was instructed to send 2,000 Bitcoin (BTC) to each account.The Impact: Suddenly, 695 retail users became accidental multi-millionaires, holding a total of 620,000 BTC—valued at approximately $44 Billion. This amount exceeded Bithumb's actual holdings by over 12 times.
2. The Flash-Crash and "Panic Selling"
Because these were "ghost coins" existing only in Bithumb's internal ledger, the blockchain itself remained stable. However, the internal market collapsed:
The Crash: As recipients rushed to liquidate their windfall, the BTC/KRW price on Bithumb plunged 17% to roughly $55,000 (81.1 million won).The Defense: Bithumb blocked all transactions and withdrawals within 35 minutes. Remarkably, the exchange has already successfully recovered 99.7% (618,212 BTC) of the erroneously distributed coins.
3. The $1 Billion CEO Compensation Pledge
To restore trust, Bithumb CEO Lee Jae-won issued a comprehensive apology on February 7, including a massive compensation package:
For Panic Sellers: Users who sold BTC at a loss during the crash will be compensated for the full price difference plus a 10% consolation bonus.For All Users: Every user active during the incident will receive 20,000 KRW and 0% trading fees for seven days starting Monday, February 9.The Safeguard: A permanent KRW 100 Billion Customer Protection Fund is being established to prevent a repeat of this "ledger-based" failure.
📊 Market Vital Signs (Feb 8, 2026)
Asset Current (USDT) 24h Change Sentiment
Bitcoin ($BTC ) $71,329 ↗️ +3.22% Fear to Neutral
Ethereum ($ETH) $2,109 ↗️ +4.34% Oversold Bounce
Solana ($SOL) $88.46 ↗️ +3.69% Building Floor
Gold (Spot) $5,100 ↗️ New Record Safe Haven King
🔮 Prediction: The "Monday Audit" Squeeze
South Korea's Financial Services Commission has launched an emergency on-site inspection of Bithumb.
Bullish Case: If the audit confirms that 100% of "real" customer assets are safe, expect a "Relief Rally" that could push $BTC back to $74,000 by Tuesday.Bearish Case: Any further "ledger discrepancies" found by regulators could trigger another wave of FUD, testing the $64,000 floor once more.
💡 Smart Strategy: This incident proves that "Exchange Reliability" is the new alpha. Focus on platforms with Bank-grade Internal Controls and Proof-of-Reserves. The Bithumb blunder was a human error, but the market's recovery shows that Bitcoin’s underlying liquidity is stronger than a $44 billion mistake.
Did you survive the "Bithumb Flash-Crash," or are you looking for the next dip? Let’s talk below! 👇
#BinanceSquare #Bithumb #CryptoSecurity #writetoearn #BitcoinRecovery
1. The 2,000 KRW vs. 2,000 BTC Nightmare
The crisis began when a staff member at Bithumb made a catastrophic input error during a "Random Box" reward event.
The Error: Instead of sending 2,000 Korean Won (roughly $1.40) to 695 users, the system was instructed to send 2,000 Bitcoin (BTC) to each account.The Impact: Suddenly, 695 retail users became accidental multi-millionaires, holding a total of 620,000 BTC—valued at approximately $44 Billion. This amount exceeded Bithumb's actual holdings by over 12 times.
2. The Flash-Crash and "Panic Selling"
Because these were "ghost coins" existing only in Bithumb's internal ledger, the blockchain itself remained stable. However, the internal market collapsed:
The Crash: As recipients rushed to liquidate their windfall, the BTC/KRW price on Bithumb plunged 17% to roughly $55,000 (81.1 million won).The Defense: Bithumb blocked all transactions and withdrawals within 35 minutes. Remarkably, the exchange has already successfully recovered 99.7% (618,212 BTC) of the erroneously distributed coins.
3. The $1 Billion CEO Compensation Pledge
To restore trust, Bithumb CEO Lee Jae-won issued a comprehensive apology on February 7, including a massive compensation package:
For Panic Sellers: Users who sold BTC at a loss during the crash will be compensated for the full price difference plus a 10% consolation bonus.For All Users: Every user active during the incident will receive 20,000 KRW and 0% trading fees for seven days starting Monday, February 9.The Safeguard: A permanent KRW 100 Billion Customer Protection Fund is being established to prevent a repeat of this "ledger-based" failure.
📊 Market Vital Signs (Feb 8, 2026)
Asset Current (USDT) 24h Change Sentiment
Bitcoin ($BTC ) $71,329 ↗️ +3.22% Fear to Neutral
Ethereum ($ETH) $2,109 ↗️ +4.34% Oversold Bounce
Solana ($SOL) $88.46 ↗️ +3.69% Building Floor
Gold (Spot) $5,100 ↗️ New Record Safe Haven King
🔮 Prediction: The "Monday Audit" Squeeze
South Korea's Financial Services Commission has launched an emergency on-site inspection of Bithumb.
Bullish Case: If the audit confirms that 100% of "real" customer assets are safe, expect a "Relief Rally" that could push $BTC back to $74,000 by Tuesday.Bearish Case: Any further "ledger discrepancies" found by regulators could trigger another wave of FUD, testing the $64,000 floor once more.
💡 Smart Strategy: This incident proves that "Exchange Reliability" is the new alpha. Focus on platforms with Bank-grade Internal Controls and Proof-of-Reserves. The Bithumb blunder was a human error, but the market's recovery shows that Bitcoin’s underlying liquidity is stronger than a $44 billion mistake.
Did you survive the "Bithumb Flash-Crash," or are you looking for the next dip? Let’s talk below! 👇
#BinanceSquare #Bithumb #CryptoSecurity #writetoearn #BitcoinRecovery
JACKPOT OF A LIFETIME? Not so fast! Imagine waking up to find 2,000 BTC (over $130M) in your account by mistake—the "lucky winners" of #Bithumb’s massive glitch just lived that dream for exactly 30 minutes! 🤑💸
Here is what went down:
A manual error on the South Korean exchange turned 695 users into "accidental" multi-millionaires yesterday. Instead of a 2,000 won ($1.37) reward, the system credited them with 2,000 BTC each! 😱
🔹 ~620,000 BTC ($40B+) distributed in error
🔹 17% Flash Crash on Bithumb as "winners" rushed to sell
🔹 Trading frozen within minutes to stop the bleeding
🔹 99.7% of assets already recovered by the exchange
The ultimate "easy come, easy go." While most had their billions clawed back, Bithumb is now under investigation for the historic "fat finger" blunder. 📉🇰🇷
#bitcoin #CryptoNews #Bithumb #BTC #cryptocrash
Here is what went down:
A manual error on the South Korean exchange turned 695 users into "accidental" multi-millionaires yesterday. Instead of a 2,000 won ($1.37) reward, the system credited them with 2,000 BTC each! 😱
🔹 ~620,000 BTC ($40B+) distributed in error
🔹 17% Flash Crash on Bithumb as "winners" rushed to sell
🔹 Trading frozen within minutes to stop the bleeding
🔹 99.7% of assets already recovered by the exchange
The ultimate "easy come, easy go." While most had their billions clawed back, Bithumb is now under investigation for the historic "fat finger" blunder. 📉🇰🇷
#bitcoin #CryptoNews #Bithumb #BTC #cryptocrash
Dwayne Powroznik PXKJ:
@Binance BiBi fact check
Korean Regulatory Probe
Korean regulators have launched an emergency investigation into Bithumb after a 60 trillion won Bitcoin error, raising concerns over crypto exchange security. 🚨💻
#Korea #Bithumb #CryptoRegulation #CryptoSecurity #NewsUpdated
Korean regulators have launched an emergency investigation into Bithumb after a 60 trillion won Bitcoin error, raising concerns over crypto exchange security. 🚨💻
#Korea #Bithumb #CryptoRegulation #CryptoSecurity #NewsUpdated
South Korean Exchange Accidentally Sends $40B+ in Bitcoin to Users ⚠️🇰🇷
South Korean crypto exchange Bithumb briefly turned hundreds of users into multi-millionaires after a system error mistakenly distributed 2,000 Bitcoin instead of 2,000 won ($1.37) as a reward. The glitch affected 695 users, with over $40 billion worth of BTC temporarily sent out 🪙😳.
Bithumb said it froze trading and withdrawals within 35 minutes and successfully recovered 99.7% of the mistakenly sent funds, stressing the incident was not due to hacking or a security breach. The exchange has apologized and announced compensation of 20,000 won ($13.66) per affected user, along with fee waivers and plans to deploy AI systems to detect abnormal transactions 🤖.
South Korea’s financial regulator has launched a review, and the incident has reignited debates over operational risk and tighter oversight in crypto markets 📉⚖️.
#SouthKoreaCrypto #Bithumb
South Korean crypto exchange Bithumb briefly turned hundreds of users into multi-millionaires after a system error mistakenly distributed 2,000 Bitcoin instead of 2,000 won ($1.37) as a reward. The glitch affected 695 users, with over $40 billion worth of BTC temporarily sent out 🪙😳.
Bithumb said it froze trading and withdrawals within 35 minutes and successfully recovered 99.7% of the mistakenly sent funds, stressing the incident was not due to hacking or a security breach. The exchange has apologized and announced compensation of 20,000 won ($13.66) per affected user, along with fee waivers and plans to deploy AI systems to detect abnormal transactions 🤖.
South Korea’s financial regulator has launched a review, and the incident has reignited debates over operational risk and tighter oversight in crypto markets 📉⚖️.
#SouthKoreaCrypto #Bithumb
Post Title: BTC at a Crossroads: Recovery or Relief Rally? 📉📈
The Market Reality:
Bitcoin is fighting to reclaim the $71,000 level after a wild weekend. We saw a massive "glitch-induced" flash crash on Bithumb that briefly sent shockwaves through the global order books. While 99.7% of the erroneous funds were recovered, the psychological damage to the "Extreme Fear" index (currently sitting at 7) is real.
Technical Setup:
Support: The market successfully defended $60,000. As long as we stay above $68,500, the structure remains "cautiously bullish" for a recovery.
Resistance: Heavy selling pressure sits at $72,200. A breakout here could trigger a short squeeze toward $75,000+.
Volume: We are seeing high "buy the dip" activity from long-term holders, even as ETF outflows signal institutional hesitation.
My Move:
🔴 Short Term: Neutral/Bearish. The "Dead Cat Bounce" risk is high until we clear $73.5k with volume.
🟢 Mid Term: Bullish. This shakeout removed weak hands and over-leveraged longs.
The Strategy:
Don't chase the green candles. If you're looking for a Long, wait for a successful retest of $69k. If you're Shorting, keep tight stops above $72.5k.
What’s your move? Are we heading to $80k or retesting $60k? 👇
#Bitcoin #BTC #CryptoMarket #TradingStrategy #BinanceSquare #Bithumb #
The Market Reality:
Bitcoin is fighting to reclaim the $71,000 level after a wild weekend. We saw a massive "glitch-induced" flash crash on Bithumb that briefly sent shockwaves through the global order books. While 99.7% of the erroneous funds were recovered, the psychological damage to the "Extreme Fear" index (currently sitting at 7) is real.
Technical Setup:
Support: The market successfully defended $60,000. As long as we stay above $68,500, the structure remains "cautiously bullish" for a recovery.
Resistance: Heavy selling pressure sits at $72,200. A breakout here could trigger a short squeeze toward $75,000+.
Volume: We are seeing high "buy the dip" activity from long-term holders, even as ETF outflows signal institutional hesitation.
My Move:
🔴 Short Term: Neutral/Bearish. The "Dead Cat Bounce" risk is high until we clear $73.5k with volume.
🟢 Mid Term: Bullish. This shakeout removed weak hands and over-leveraged longs.
The Strategy:
Don't chase the green candles. If you're looking for a Long, wait for a successful retest of $69k. If you're Shorting, keep tight stops above $72.5k.
What’s your move? Are we heading to $80k or retesting $60k? 👇
#Bitcoin #BTC #CryptoMarket #TradingStrategy #BinanceSquare #Bithumb #
🚨BITHUMB MADE 620,000 FAKE BITCOIN?!
On Friday, a system glitch let Bithumb distribute 620,000 $BTC that never existed on the blockchain.
The exchange only had 175 $BTC on its own books and 42,619 BTC for customers, yet its ledger treated fake coins as real.
South Korean lawmakers call this a structural failure, not human error.
Regulators are now launching on-site inspections and possible sanctions.
$BTC
#Bithumb #BTC #BitcoinGoogleSearchesSurge #AmeerGro
On Friday, a system glitch let Bithumb distribute 620,000 $BTC that never existed on the blockchain.
The exchange only had 175 $BTC on its own books and 42,619 BTC for customers, yet its ledger treated fake coins as real.
South Korean lawmakers call this a structural failure, not human error.
Regulators are now launching on-site inspections and possible sanctions.
$BTC
#Bithumb #BTC #BitcoinGoogleSearchesSurge #AmeerGro
🚨BITHUMB RECOVERS 99.7% OF $40 BILLION BITCOIN GLITCH HERE’S WHAT REALLY HAPPENED..✅
The crypto market just witnessed one of the strangest exchange incidents ever and it almost created a $40 billion Bitcoin disaster.
On February 6, Korean exchange Bithumb accidentally selected Bitcoin instead of Korean won while issuing a small compensation payout. The plan was simple: distribute around $1.40 worth of Korean won per user.
Instead, the system credited users with phantom Bitcoin balances.
What happened next shocked the entire market.
620,000 BTC Appeared Out of Nowhere
Due to the dropdown error, some users suddenly saw massive Bitcoin balances in their accounts. In total, around 620,000 BTC was mistakenly credited across accounts — worth nearly $40 billion.
This wasn’t real Bitcoin, just a system credit error. But for a short moment, users believed they had received actual BTC and some rushed to sell.
Emergency Freeze and Recovery
Bithumb immediately froze trading once the mistake was detected. Within a short time, they managed to recover 618,212 BTC from user accounts.
However, about 1,788 BTC was already sold by users before the freeze.
This caused a temporary 17 percent crash on Bithumb’s local BTC price, dropping it near $55,000 while the global market remained stable around $68,000.
The price difference created chaos for a brief moment but was quickly contained.
Exchange Response and Compensation
Bithumb publicly apologized and confirmed it would cover all losses caused by the incident. Users who sold during the glitch will receive full compensation plus an additional 10 percent bonus.
The exchange also announced:
All active users will receive 20,000 Korean won compensation
Trading fee waivers for affected users
New AI monitoring systems to prevent future internal errors
Regulators in South Korea have already launched an investigation into Bithumb’s internal controls and operational safety.
Binance Quietly Assisted
Binance founder CZ later revealed that Binance teams quietly assisted Bithumb in tracking and recovering funds. This drew mixed reactions online, with some praising cooperation while others questioned transparency.
What This Means for Crypto
This incident shows how a simple internal error can create billions in fake liquidity within seconds. It also highlights the importance of exchange-level security and monitoring systems.
Despite the chaos, the global Bitcoin price remained stable — proving that one exchange error cannot shake the entire market when liquidity is strong.
My Take
This wasn’t a market crash. It was a system mistake.
But it reminds everyone of one thing: exchanges control more power than most traders realize.
Always remember — not your keys, not your coins. And always trade with risk management, because even technical glitches can move markets fast.
#RiskAssetsMarketShock #Bithumb #USIranStandoff #BitcoinGoogleSearchesSurge #WarshFedPolicyOutlook
On February 6, Korean exchange Bithumb accidentally selected Bitcoin instead of Korean won while issuing a small compensation payout. The plan was simple: distribute around $1.40 worth of Korean won per user.
Instead, the system credited users with phantom Bitcoin balances.
What happened next shocked the entire market.
620,000 BTC Appeared Out of Nowhere
Due to the dropdown error, some users suddenly saw massive Bitcoin balances in their accounts. In total, around 620,000 BTC was mistakenly credited across accounts — worth nearly $40 billion.
This wasn’t real Bitcoin, just a system credit error. But for a short moment, users believed they had received actual BTC and some rushed to sell.
Emergency Freeze and Recovery
Bithumb immediately froze trading once the mistake was detected. Within a short time, they managed to recover 618,212 BTC from user accounts.
However, about 1,788 BTC was already sold by users before the freeze.
This caused a temporary 17 percent crash on Bithumb’s local BTC price, dropping it near $55,000 while the global market remained stable around $68,000.
The price difference created chaos for a brief moment but was quickly contained.
Exchange Response and Compensation
Bithumb publicly apologized and confirmed it would cover all losses caused by the incident. Users who sold during the glitch will receive full compensation plus an additional 10 percent bonus.
The exchange also announced:
All active users will receive 20,000 Korean won compensation
Trading fee waivers for affected users
New AI monitoring systems to prevent future internal errors
Regulators in South Korea have already launched an investigation into Bithumb’s internal controls and operational safety.
Binance Quietly Assisted
Binance founder CZ later revealed that Binance teams quietly assisted Bithumb in tracking and recovering funds. This drew mixed reactions online, with some praising cooperation while others questioned transparency.
What This Means for Crypto
This incident shows how a simple internal error can create billions in fake liquidity within seconds. It also highlights the importance of exchange-level security and monitoring systems.
Despite the chaos, the global Bitcoin price remained stable — proving that one exchange error cannot shake the entire market when liquidity is strong.
My Take
This wasn’t a market crash. It was a system mistake.
But it reminds everyone of one thing: exchanges control more power than most traders realize.
Always remember — not your keys, not your coins. And always trade with risk management, because even technical glitches can move markets fast.
#RiskAssetsMarketShock #Bithumb #USIranStandoff #BitcoinGoogleSearchesSurge #WarshFedPolicyOutlook
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