🚨 Bitcoin Briefly Crashes to $55K on Bithumb After Massive Airdrop Error
I just came across a wild incident on South Korea’s Bithumb exchange — Bitcoin suddenly dropped to around $55,000 after the platform accidentally credited users with nearly 2,000 BTC due to an internal reward distribution mistake.
For a short time, some accounts showed huge “phantom” balances. As expected, panic selling followed, pushing BTC sharply lower on Bithumb compared to global markets. The exchange later confirmed it was a technical error and moved quickly to reverse the incorrect credits.
This is a clear reminder of how sensitive crypto markets are to exchange-side mistakes — and why proper risk management always matters. Even a simple operational glitch can trigger massive volatility in minutes.
Stay safe and trade smart. 📉📈
BTC
69,333.04
+0.84%
ETH
2,048.36
+3.03%
BNB
640.52
-1.76%