🔥Korean exchange mistakenly gives Bitcoin to some users 👀
Imagine waking up one day, logging into your
#exchange favorite exchange, and suddenly noticing that your portfolio contains
#bitcoin that you never purchased. Would you sell, hold, or report it? This event occurred in South Korea, sparking some controversies regarding controls in centralized exchanges.
An exchange of
#Criptomonedas known in South Korea faced an operational mishap on February 6, as it accidentally sent Bitcoin to some users instead of the cryptocurrency
#KRW , who did not hesitate to sell.
Reports indicate that nearly 2,000 BTC (over 130 million dollars at current value) were distributed to some users when only 2,000 KRW ($1.50) was supposed to be sent. A true madness.
The fact that the users who received Bitcoin sold their positions created a gap of almost 10% in the BTC/KRW pair (compared to global markets) for a few minutes. This event was isolated only to the Korean exchange, meaning,
this drop in Bitcoin's price was not reflected in other global markets, as it was contained.
This accidental distribution raises issues such as internal controls and risk management in cryptocurrency exchanges. The affected exchange has already clarified that it was an internal error and dismissed cyberattacks or security breaches. Furthermore, it states that no user has been affected by this incident.
And what would you do if Bitcoins suddenly appeared in your account?
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