💥 One Typo, Trillions at Stake
Korean Exchange Accidentally Airdrops 620,000 BTC
A South Korean crypto exchange intended to reward users with 2,000 KRW each as part of a promotional campaign.
However, due to a critical unit typo (KRW → BTC), the system mistakenly distributed Bitcoin instead of Korean won.
As a result, 695 users collectively received 620,000 BTC, worth approximately $44 billion at the time of the incident.
📉 Some recipients rushed to sell, triggering a temporary 17% price drop,
with Bitcoin falling from around 104 million KRW to 81 million KRW (~$55,000) before rebounding.
🛑 The exchange acted swiftly:
Accounts of all 695 users were immediately frozen
99.7% of the distributed BTC was recovered within 35 minutes
The remaining 0.3% (~$132 million) is still under investigation
📣 The exchange confirmed this was not a hack,
but a pure case of human error.
This incident highlights how a single operational mistake can momentarily shake the entire crypto market.
💭 What do you think — should this be treated as a system failure or an unavoidable operational risk? Drop your thoughts below! 👇
$BTC $ETH $ETC #Bitcoin #ExchangeRisk #HumanError #MarketVolatility