TechFlow news, on January 2, South Korean cryptocurrency trading platform Bithumb discovered that over $200 million in customer assets are dormant among approximately 2.6 million accounts on the platform. This disclosure is part of the trading platform's initiative to recover dormant assets from users who have not logged in or traded for over a year.
Bithumb stated that the total balance of inactive accounts amounts to about 291.6 billion Korean won (approximately $201.8 million), with some marked accounts having been dormant for over ten years. The largest single dormant holding is valued at around $2.84 million, with the longest dormancy period reaching 4,380 days (nearly 12 years), and some inactive holdings have seen returns exceeding 61,000% (about 610 times). These data point to early participants who entered the crypto space during the initial market boom but never returned thereafter.
Bithumb plans to directly notify eligible customers and assist with account recovery, positioning this initiative as part of broader customer protection efforts, including helping users rediscover assets they may have forgotten.
