Market news: Bithumb mistakenly sent out 2,000 BTC, causing the platform’s BTC price to plunge 10%.
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Market news: Bithumb mistakenly sent out 2,000 BTC, causing the platform’s BTC price to plunge 10%.
According to market reports, South Korea’s cryptocurrency exchange Bithumb suffered a serious operational incident. A staff member intended to distribute a 2,000 Korean Won (KRW) reward but mistakenly entered “2,000 BTC” instead, causing hundreds of users to unexpectedly receive massive amounts of bitcoin. Some users immediately sold the received bitcoins at market price, triggering a plunge of over 10% in bitcoin’s price on the Bithumb platform relative to the broader market price.
Navigating Web3 tides with focused insightsTechFlow News: On February 6, according to market reports, South Korea’s cryptocurrency exchange Bithumb experienced a serious operational incident. A staff member intended to distribute a 2,000 Korean Won (KRW) reward but mistakenly entered “2,000 Bitcoin (BTC)” instead, resulting in hundreds of users unexpectedly receiving massive amounts of cryptocurrency.
Some users immediately sold the received Bitcoin at market price, causing Bitcoin’s price on the Bithumb platform to plunge over 10% below the broader market price.
