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$42 BILLION BLUNDER: HOW ONE EMPLOYEE ALMOST CRASHED BITHUMB! 🚨💀
Imagine trying to send someone $423 but accidentally hitting the "Bitcoin" button instead of "Cash" and sending them $42 BILLION instead. It sounds like a bad movie plot, but it just happened at Bithumb, South Korea’s second-largest crypto exchange.
WHAT THE HELL HAPPENED? 📉
On February 6, a promotional event turned into the biggest financial disaster in crypto history. Bithumb was supposed to reward 695 users with 620,000 Korean Won ($423 each) as a prize.
But instead of selecting the local currency, a clueless employee selected Bitcoin. He sent 620,000 BTC to those users. To put that in perspective, that is roughly $42,000,000,000! One click, and the company’s entire treasury was basically handed out to strangers.
THE CHAOS THAT FOLLOWED 🏃♂️💨
The Reaction: 249 lucky (or unlucky) users opened their reward boxes and saw life-changing wealth.
The Escape: While Bithumb managed to claw back 99.7% of the funds, 86 users weren't waiting around. They sold 1,788 BTC or withdrew them before the exchange could hit the "undo" button.
The Debt: Now, $9 million worth of Bitcoin is still missing. Bithumb is desperately chasing these people down, one by one, demanding their money back.
THE CONSEQUENCES: PRISON OR POVERTY? 🏛️
This isn't just a "lucky win." The Governor of South Korea’s Financial Supervisory Service (FSS), Lee Bok-hyun, has called this a catastrophic failure of internal controls. Experts are warning that anyone who sold those Bitcoins could face criminal charges. Since crypto isn't fully protected under South Korean criminal law in this context, these users are in a massive legal gray area and could lose everything.
The Bottom Line: This is what happens when a multi-billion dollar exchange has the security of a lemonade stand. One human error, one wrong button, and billions vanish.
STAY SHARP. If an exchange sends you billions by mistake, don't celebrate—lawyers and hackers are already on your tail.
FOLLOW for the craziest market updates and whale-sized blunders.
What would YOU do if you woke up with 620,000 BTC? Let us know in the comments! 👇
$BTC
$ETH
$ESP
#Koreanexchange #BitHumb #CPIWatch #MistakeBTC #ErrorBithumb
WHAT THE HELL HAPPENED? 📉
On February 6, a promotional event turned into the biggest financial disaster in crypto history. Bithumb was supposed to reward 695 users with 620,000 Korean Won ($423 each) as a prize.
But instead of selecting the local currency, a clueless employee selected Bitcoin. He sent 620,000 BTC to those users. To put that in perspective, that is roughly $42,000,000,000! One click, and the company’s entire treasury was basically handed out to strangers.
THE CHAOS THAT FOLLOWED 🏃♂️💨
The Reaction: 249 lucky (or unlucky) users opened their reward boxes and saw life-changing wealth.
The Escape: While Bithumb managed to claw back 99.7% of the funds, 86 users weren't waiting around. They sold 1,788 BTC or withdrew them before the exchange could hit the "undo" button.
The Debt: Now, $9 million worth of Bitcoin is still missing. Bithumb is desperately chasing these people down, one by one, demanding their money back.
THE CONSEQUENCES: PRISON OR POVERTY? 🏛️
This isn't just a "lucky win." The Governor of South Korea’s Financial Supervisory Service (FSS), Lee Bok-hyun, has called this a catastrophic failure of internal controls. Experts are warning that anyone who sold those Bitcoins could face criminal charges. Since crypto isn't fully protected under South Korean criminal law in this context, these users are in a massive legal gray area and could lose everything.
The Bottom Line: This is what happens when a multi-billion dollar exchange has the security of a lemonade stand. One human error, one wrong button, and billions vanish.
STAY SHARP. If an exchange sends you billions by mistake, don't celebrate—lawyers and hackers are already on your tail.
FOLLOW for the craziest market updates and whale-sized blunders.
What would YOU do if you woke up with 620,000 BTC? Let us know in the comments! 👇
$BTC
$ETH
$ESP
#Koreanexchange #BitHumb #CPIWatch #MistakeBTC #ErrorBithumb
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