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Headline: The $43 Billion Glitch! ๐ฐ๐ท Bithumbโs "Phantom Bitcoin" Error Exposed!
What if you woke up with 2,000 BTC in your account? This actually happened on February 6-9, 2026 at Bithumb! Here is the breakdown of the biggest "Fat Finger" error in crypto history:
The Horror Story:
โจ๏ธ Input Error: A staff member sent 2,000 BTC instead of 2,000 Won to 249 winners.
๐ป Ghost Coins: Total 620,000 BTC ($43B) were created out of thin air in Bithumbโs internal system. This is 15x more than the exchange actually holds!
๐ Flash Crash: Panic selling caused a 17% price drop on the platform, crashing BTC to $55,000 locally.
๐ก๏ธ The Cleanup: Bithumb froze withdrawals within 35 mins and has recovered 99.7% of the funds.
Expert Analysis:
This incident highlights a massive flaw in CEX (Centralized Exchange) internal controls. While the funds are recovered, the "Crisis of Confidence" is real. South Korean regulators are now launching on-site inspections.
Lesson for Traders: Always keep your long-term holdings in a cold wallet. Internal exchange ledgers can be vulnerable to human error!
Would you have tried to withdraw the "Phantom BTC" or reported the glitch immediately? ๐๐
#BitcoinGlitch #bithumb #WhaleDeRiskETH #GoldSilverRally #BinanceBitcoinSAFUFund
What if you woke up with 2,000 BTC in your account? This actually happened on February 6-9, 2026 at Bithumb! Here is the breakdown of the biggest "Fat Finger" error in crypto history:
The Horror Story:
โจ๏ธ Input Error: A staff member sent 2,000 BTC instead of 2,000 Won to 249 winners.
๐ป Ghost Coins: Total 620,000 BTC ($43B) were created out of thin air in Bithumbโs internal system. This is 15x more than the exchange actually holds!
๐ Flash Crash: Panic selling caused a 17% price drop on the platform, crashing BTC to $55,000 locally.
๐ก๏ธ The Cleanup: Bithumb froze withdrawals within 35 mins and has recovered 99.7% of the funds.
Expert Analysis:
This incident highlights a massive flaw in CEX (Centralized Exchange) internal controls. While the funds are recovered, the "Crisis of Confidence" is real. South Korean regulators are now launching on-site inspections.
Lesson for Traders: Always keep your long-term holdings in a cold wallet. Internal exchange ledgers can be vulnerable to human error!
Would you have tried to withdraw the "Phantom BTC" or reported the glitch immediately? ๐๐
#BitcoinGlitch #bithumb #WhaleDeRiskETH #GoldSilverRally #BinanceBitcoinSAFUFund
๐จ A shocking technical incident at Bithumb shakes the Korean market!
What exactly happened? ๐ค
The Korean platform Bithumb, one of the largest cryptocurrency exchanges in Asia, experienced an unprecedented technical glitch that led to:
โ Incorrect Bitcoin balances being credited to the accounts of several users due to a rewards system error
โ The price of Bitcoin falling locally on the platform to around $55,000
โ A clear price discrepancy compared to other global exchanges
The reason
The incident resulted from an error in the rewards distribution mechanism, where the value of the rewards was calculated in the wrong unit, leading to quantities of Bitcoin being credited to users' accounts without them actually being entitled to it.
The impact on the market ๐
Temporary panic in the Korean market
Significant selling pressure from users who believed the balances were real
A quick intervention from the platform's management by temporarily halting trading and correcting the glitch
Lessons learned ๐ก
1๏ธโฃ Technical security is a priority: even major platforms are susceptible to operational errors
2๏ธโฃ Don't trust anomalous prices: large price discrepancies are a clear warning sign
3๏ธโฃ Diversify platforms: don't put all your assets on one platform
The status of the platform now โ
The situation has been contained, and the platform confirmed that the incorrect balances have been corrected, with trading returning to normal.
๐ฌ What do you think of this incident?
Do you believe centralized platforms need higher oversight and security standards?
#Bithumb #CryptoNews #ExchangeRisk #dyor
What exactly happened? ๐ค
The Korean platform Bithumb, one of the largest cryptocurrency exchanges in Asia, experienced an unprecedented technical glitch that led to:
โ Incorrect Bitcoin balances being credited to the accounts of several users due to a rewards system error
โ The price of Bitcoin falling locally on the platform to around $55,000
โ A clear price discrepancy compared to other global exchanges
The reason
The incident resulted from an error in the rewards distribution mechanism, where the value of the rewards was calculated in the wrong unit, leading to quantities of Bitcoin being credited to users' accounts without them actually being entitled to it.
The impact on the market ๐
Temporary panic in the Korean market
Significant selling pressure from users who believed the balances were real
A quick intervention from the platform's management by temporarily halting trading and correcting the glitch
Lessons learned ๐ก
1๏ธโฃ Technical security is a priority: even major platforms are susceptible to operational errors
2๏ธโฃ Don't trust anomalous prices: large price discrepancies are a clear warning sign
3๏ธโฃ Diversify platforms: don't put all your assets on one platform
The status of the platform now โ
The situation has been contained, and the platform confirmed that the incorrect balances have been corrected, with trading returning to normal.
๐ฌ What do you think of this incident?
Do you believe centralized platforms need higher oversight and security standards?
#Bithumb #CryptoNews #ExchangeRisk #dyor
Bithumb Error Gives Users $43 Billion in Free #Bitcoin
South Korean exchange #Bithumb accidentally credited users with 2,000 $BTC instead of 2,000 Korean won during a promotional giveaway, triggering account restrictions and temporary price disruptions before internal systems corrected the error. The platform disclosed Friday that 695 users received erroneous transfers totaling 620,000 $BTC , valued at approximately $43 billion
South Korean exchange #Bithumb accidentally credited users with 2,000 $BTC instead of 2,000 Korean won during a promotional giveaway, triggering account restrictions and temporary price disruptions before internal systems corrected the error. The platform disclosed Friday that 695 users received erroneous transfers totaling 620,000 $BTC , valued at approximately $43 billion
The pattern is opening up! Bithumb gets into trouble, it turns out CZ is behind the scenes putting out fires?๐
The incident of Bithumb mistakenly issuing 620,000 BTC has finally come to an end, and CZ has just revealed a little-known detail:
"We helped a little bit in this recovery process."
The key point is that during a time of panic across the network and rampant rumors, CZ chose to remain silent.
His reasoning is simple: "To avoid spreading fear (FUD)."
This is what you call the demeanor of a big brother. If he doesn't act, he won't; if he does act, it's to stabilize the market, not to step in just for attention.
At the same time, CZ also sincerely reflects: even Binance cannot guarantee 100% coverage of all 'maximum value checks'.
In this world where makeshift teams run rampant, maintaining a sense of awe is the key to living longer.
#CZ #Binance #Bithumb #ๆ ผๅฑ
The incident of Bithumb mistakenly issuing 620,000 BTC has finally come to an end, and CZ has just revealed a little-known detail:
"We helped a little bit in this recovery process."
The key point is that during a time of panic across the network and rampant rumors, CZ chose to remain silent.
His reasoning is simple: "To avoid spreading fear (FUD)."
This is what you call the demeanor of a big brother. If he doesn't act, he won't; if he does act, it's to stabilize the market, not to step in just for attention.
At the same time, CZ also sincerely reflects: even Binance cannot guarantee 100% coverage of all 'maximum value checks'.
In this world where makeshift teams run rampant, maintaining a sense of awe is the key to living longer.
#CZ #Binance #Bithumb #ๆ ผๅฑ
Camellia Dinardi NdkU:
ๅฅฝๅฌ็นๆฏ่ฏฏๅ.ๅฎ่ฏๅฐฑๆฏๅๅธ็ ธ็. ่ๅฅ่ทฏไบ
Bithumb Exchange Overview
Founded: 2014 (as โXcoinโ) by Kim Dae-sik, It quickly became Koreaโs dominant crypto platform (by 2017 handling ~70% of domestic trading and even leading global volume) In 2018 a BK Global investment group (fronted by plastic surgeon Kim Byung-gun) bought a controlling stake. Today Bithumb (CEO Lee Jae-won) remains one of South Koreaโs largest KRW-based exchanges.
Major incidents: Bithumb has weathered several crises. In June 2018 hackers stole about $31โฏmillion in crypto, and in March 2019 roughly $19โฏmillion of EOS/XRP was taken (an insider heist was suspected) In April 2024 an internal breach cost roughly $20โฏmillion.
Authorities also stepped in: a 2018 tax raid hit Bithumb, and in 2023โ24 top executives faced legal charges (Ex-CEO Lee Sang-jun got 2 years for taking listing bribes, and Kang Jong-hyun โ a โde factoโ owner โ was arrested for stock manipulation)
Feb 2026 pricing glitch:
During a Feb 6, 2026 promo event, a software error credited 2,000โฏBTC (instead of โฉ2,000) to about 695 users, Recipients immediately sold their windfall, causing Bithumbโs BTC price to flash-crash (~17% drop to ~โฉ81M, about $55K) on that platform Bithumb froze trades (~35โฏmin), halted withdrawals, and recovered ~99.7% of the mistaken BTC, The exchange publicly apologized and stressed the mishap was an internal accounting error (no external hack occurred) โ reassuring that no actual customer funds were lost.
Sources: Authoritative news and the exchangeโs official statement en.wikipedia.org, thenextweb.com, feed.bithumb.com, hackread.com, financemagnates.com! These detail Bithumbโs founding, growth, past hacks/regulatory cases, and the Feb 2026 glitch, Each fact is from a cited report!!
#BTC่ตฐๅฟๅๆ #Bithumb
Major incidents: Bithumb has weathered several crises. In June 2018 hackers stole about $31โฏmillion in crypto, and in March 2019 roughly $19โฏmillion of EOS/XRP was taken (an insider heist was suspected) In April 2024 an internal breach cost roughly $20โฏmillion.
Authorities also stepped in: a 2018 tax raid hit Bithumb, and in 2023โ24 top executives faced legal charges (Ex-CEO Lee Sang-jun got 2 years for taking listing bribes, and Kang Jong-hyun โ a โde factoโ owner โ was arrested for stock manipulation)
Feb 2026 pricing glitch:
During a Feb 6, 2026 promo event, a software error credited 2,000โฏBTC (instead of โฉ2,000) to about 695 users, Recipients immediately sold their windfall, causing Bithumbโs BTC price to flash-crash (~17% drop to ~โฉ81M, about $55K) on that platform Bithumb froze trades (~35โฏmin), halted withdrawals, and recovered ~99.7% of the mistaken BTC, The exchange publicly apologized and stressed the mishap was an internal accounting error (no external hack occurred) โ reassuring that no actual customer funds were lost.
Sources: Authoritative news and the exchangeโs official statement en.wikipedia.org, thenextweb.com, feed.bithumb.com, hackread.com, financemagnates.com! These detail Bithumbโs founding, growth, past hacks/regulatory cases, and the Feb 2026 glitch, Each fact is from a cited report!!
#BTC่ตฐๅฟๅๆ #Bithumb
A crypto exchange briefly traded billions in Bitcoin that didnโt exist.$ZEC
One small promo mistake at Bithumb credited Bitcoin instead of cash, creating hundreds of thousands of fake BTC.$GPS
The system didnโt stop it. Those numbers entered real trading screens.$BTC
People sold. Price on Bithumb fell 17%, while the rest of the market stayed calm.
Within minutes, the error was found and almost everything was rolled back.
No coins ever moved on-chain. Bitcoinโs supply was never affected.
This wasnโt fraud or a collapse - it was a control failure.
But it revealed something uncomfortable: exchange balances are just internal numbers.
Until you withdraw, that Bitcoin isnโt really yours.
#WhaleDeRiskETH
#BTCMiningDifficultyDrop
#Bithumb
#crypto
#CryptoCommunitys
One small promo mistake at Bithumb credited Bitcoin instead of cash, creating hundreds of thousands of fake BTC.$GPS
The system didnโt stop it. Those numbers entered real trading screens.$BTC
People sold. Price on Bithumb fell 17%, while the rest of the market stayed calm.
Within minutes, the error was found and almost everything was rolled back.
No coins ever moved on-chain. Bitcoinโs supply was never affected.
This wasnโt fraud or a collapse - it was a control failure.
But it revealed something uncomfortable: exchange balances are just internal numbers.
Until you withdraw, that Bitcoin isnโt really yours.
#WhaleDeRiskETH
#BTCMiningDifficultyDrop
#Bithumb
#crypto
#CryptoCommunitys
๐ฑ DID YOU SEE THE $43,000,000,000 ERROR?
Bithumbโs Massive "Phantom BTC" Glitch! ๐ฑ
A shocking operational failure just hit South Korea's second-largest exchange, Bithumb.
๐๐ปTHE ERROR: A staff member accidentally credited 620,000 "phantom bitcoins" to 695 users instead of small promotional rewards.
๐๐ปTHE DAMAGE: At today's prices, thatโs over $43 Billion (63 trillion won).
๐๐ปTHE FALLOUT: Regulators are now on high alert, and confidence in exchange safeguards is shaking. This is a massive wake-up call for "Proof of Reserves" and internal controls.
๐ Is your exchange SAFU? Drop your thoughts below!
#Bithumb #BitcoinGlitch #CryptoNews #BinanceSquare #TradingSafe ๐ก๏ธ๐ฅ
Bithumbโs Massive "Phantom BTC" Glitch! ๐ฑ
A shocking operational failure just hit South Korea's second-largest exchange, Bithumb.
๐๐ปTHE ERROR: A staff member accidentally credited 620,000 "phantom bitcoins" to 695 users instead of small promotional rewards.
๐๐ปTHE DAMAGE: At today's prices, thatโs over $43 Billion (63 trillion won).
๐๐ปTHE FALLOUT: Regulators are now on high alert, and confidence in exchange safeguards is shaking. This is a massive wake-up call for "Proof of Reserves" and internal controls.
๐ Is your exchange SAFU? Drop your thoughts below!
#Bithumb #BitcoinGlitch #CryptoNews #BinanceSquare #TradingSafe ๐ก๏ธ๐ฅ
๐จ Bithumb Scandal: 620,000 "Fake" Bitcoins on the Blockchain?!
Last Friday, a technical glitch on the Bithumb platform caused the issuance and distribution of 620,000 Bitcoins that did not actually exist on the blockchain.
To clarify, the platform only possessed:
175 Bitcoins in its internal records
42,619 Bitcoins belonging to customers
However, the system treated these fake coins as if they were real, causing widespread shock in the financial community.
Legislators in South Korea described the incident as a structural flaw in the system, not just a human error, making the responsibility deeper and more complex.
Regulatory bodies have already begun field inspections and may impose strict penalties on the platform soon. This event highlights the technical and regulatory risks in trading centralized digital currencies.
#Bithumb #bitcoin #CryptoErrori #blockchain #CryptoRegulationBattle
๐ These coins are on a strong rise: ๐
๐ $YALA
๐ $PIPPIN
๐ $DUSK
Last Friday, a technical glitch on the Bithumb platform caused the issuance and distribution of 620,000 Bitcoins that did not actually exist on the blockchain.
To clarify, the platform only possessed:
175 Bitcoins in its internal records
42,619 Bitcoins belonging to customers
However, the system treated these fake coins as if they were real, causing widespread shock in the financial community.
Legislators in South Korea described the incident as a structural flaw in the system, not just a human error, making the responsibility deeper and more complex.
Regulatory bodies have already begun field inspections and may impose strict penalties on the platform soon. This event highlights the technical and regulatory risks in trading centralized digital currencies.
#Bithumb #bitcoin #CryptoErrori #blockchain #CryptoRegulationBattle
๐ These coins are on a strong rise: ๐
๐ $YALA
๐ $PIPPIN
๐ $DUSK
Bithumb , a centralized South Korean exchange accidentally Credited it's Users accounts with approx $61 Billion worth in $BTC.
This happened during an event when the users were to be credited with Korean won and instead of that they received millions of $BTC
#BithumbNews #Bithumb
This happened during an event when the users were to be credited with Korean won and instead of that they received millions of $BTC
#BithumbNews #Bithumb
๐ฐ๐ทSouth Korea Tightens Crypto Market Oversight!
South Korean regulators are set to intensify investigations into crypto market manipulation this year.
Key targets:
โข Whale pumping
โข Fake price support
โข Abnormal mass-buy spikes
The move comes after Bithumbโs accidental transfer of 620,000 BTC, which briefly pushed BTC down to $55K on the platform.
Market surveillance is rising. The era of easy manipulation is shrinking.
$BTC #SouthKoreaCrypto #Bithumb
South Korean regulators are set to intensify investigations into crypto market manipulation this year.
Key targets:
โข Whale pumping
โข Fake price support
โข Abnormal mass-buy spikes
The move comes after Bithumbโs accidental transfer of 620,000 BTC, which briefly pushed BTC down to $55K on the platform.
Market surveillance is rising. The era of easy manipulation is shrinking.
$BTC #SouthKoreaCrypto #Bithumb
BITHUMB ERRORED. BILLIONS VANISHED.
This is not a drill. An operational blunder on Bithumb unleashed chaos. 620,000 BTC mistakenly sent, not KRW. That's 600 trillion KRW in pure Bitcoin. Most is back, but 125 BTC remain missing. Over 80 users cashed out. 3 billion KRW hit personal accounts. Another 10 billion KRW bought altcoins. Bithumb is scrambling to recover funds. They promise full compensation for market drops and a 10% bonus. Fees waived for a week. The market is reacting.
#Bithumb #CryptoNews #Bitcoin $BTC #MarketCrash
๐ฅ
This is not a drill. An operational blunder on Bithumb unleashed chaos. 620,000 BTC mistakenly sent, not KRW. That's 600 trillion KRW in pure Bitcoin. Most is back, but 125 BTC remain missing. Over 80 users cashed out. 3 billion KRW hit personal accounts. Another 10 billion KRW bought altcoins. Bithumb is scrambling to recover funds. They promise full compensation for market drops and a 10% bonus. Fees waived for a week. The market is reacting.
#Bithumb #CryptoNews #Bitcoin $BTC #MarketCrash
๐ฅ
๐จ BREAKING: Bithumb's $40 Billion Bitcoin Blunder! ๐จ
In a shocker that's got the crypto world buzzing, South Korean exchange Bithumb accidentally distributed over 2,000 $BTC (approx. $40 BILLION at current market prices) to users during a routine reward distribution.
Imagine logging in to see that in your wallet! While they've reported recovering 99.7% of the funds, this incident is a stark reminder of:
โข The power of a single typo.
โข The importance of robust security & internal controls for exchanges.
โข Why #DYOR and holding your own keys matters
What are your thoughts on this massive mistake? Could it happen to a larger exchange? Share below! ๐
#Bithumb #bitcoin #CryptoNews #ExchangeHack
Imagine logging in to see that in your wallet! While they've reported recovering 99.7% of the funds, this incident is a stark reminder of:
โข The power of a single typo.
โข The importance of robust security & internal controls for exchanges.
โข Why #DYOR and holding your own keys matters
What are your thoughts on this massive mistake? Could it happen to a larger exchange? Share below! ๐
#Bithumb #bitcoin #CryptoNews #ExchangeHack
๐จ $40 BILLION ERROR: The Bithumb Bitcoin Glitch!
Can you imagine waking up with 2,000 BTC in your account? ๐ฑ South Korean exchange #Bithumb accidentally distributed over $40 Billion in Bitcoin to users yesterday during a promotion! The Sunday Guardian
The Update๐๐ป
Bithumb has already recovered 99.7% of the funds. ๐ ๏ธ
The error briefly caused extreme volatility as lucky users tried to sell! ๐๐จ
Status: Trading is stabilizing, but the "fat finger" mistake of the year is all over global news.
What would you do if you saw 2,000 $BTC in your wallet by mistake? Be honest! ๐๐ #CryptoNews #Bithumb
Can you imagine waking up with 2,000 BTC in your account? ๐ฑ South Korean exchange #Bithumb accidentally distributed over $40 Billion in Bitcoin to users yesterday during a promotion! The Sunday Guardian
The Update๐๐ป
Bithumb has already recovered 99.7% of the funds. ๐ ๏ธ
The error briefly caused extreme volatility as lucky users tried to sell! ๐๐จ
Status: Trading is stabilizing, but the "fat finger" mistake of the year is all over global news.
What would you do if you saw 2,000 $BTC in your wallet by mistake? Be honest! ๐๐ #CryptoNews #Bithumb
Terri Muirhead aUuR:
Are you interested?
The "Ghost Coin" Glitch: Bithumbโs $44B Blunder and the Road to Recovery
What started as a routine promotion for the South Korean exchange Bithumb ended in a "Nuclear-level" event for the crypto markets. This weekend, the industry witnessed the largest accidental financial disbursement in digital asset history, and as of today, February 8, the fallout is still being calculated.
1. The 2,000 KRW vs. 2,000 BTC Nightmare
The crisis began when a staff member at Bithumb made a catastrophic input error during a "Random Box" reward event.
The Error: Instead of sending 2,000 Korean Won (roughly $1.40) to 695 users, the system was instructed to send 2,000 Bitcoin (BTC) to each account.The Impact: Suddenly, 695 retail users became accidental multi-millionaires, holding a total of 620,000 BTCโvalued at approximately $44 Billion. This amount exceeded Bithumb's actual holdings by over 12 times.
2. The Flash-Crash and "Panic Selling"
Because these were "ghost coins" existing only in Bithumb's internal ledger, the blockchain itself remained stable. However, the internal market collapsed:
The Crash: As recipients rushed to liquidate their windfall, the BTC/KRW price on Bithumb plunged 17% to roughly $55,000 (81.1 million won).The Defense: Bithumb blocked all transactions and withdrawals within 35 minutes. Remarkably, the exchange has already successfully recovered 99.7% (618,212 BTC) of the erroneously distributed coins.
3. The $1 Billion CEO Compensation Pledge
To restore trust, Bithumb CEO Lee Jae-won issued a comprehensive apology on February 7, including a massive compensation package:
For Panic Sellers: Users who sold BTC at a loss during the crash will be compensated for the full price difference plus a 10% consolation bonus.For All Users: Every user active during the incident will receive 20,000 KRW and 0% trading fees for seven days starting Monday, February 9.The Safeguard: A permanent KRW 100 Billion Customer Protection Fund is being established to prevent a repeat of this "ledger-based" failure.
๐ Market Vital Signs (Feb 8, 2026)
Asset Current (USDT) 24h Change Sentiment
Bitcoin ($BTC ) $71,329 โ๏ธ +3.22% Fear to Neutral
Ethereum ($ETH) $2,109 โ๏ธ +4.34% Oversold Bounce
Solana ($SOL) $88.46 โ๏ธ +3.69% Building Floor
Gold (Spot) $5,100 โ๏ธ New Record Safe Haven King
๐ฎ Prediction: The "Monday Audit" Squeeze
South Korea's Financial Services Commission has launched an emergency on-site inspection of Bithumb.
Bullish Case: If the audit confirms that 100% of "real" customer assets are safe, expect a "Relief Rally" that could push $BTC back to $74,000 by Tuesday.Bearish Case: Any further "ledger discrepancies" found by regulators could trigger another wave of FUD, testing the $64,000 floor once more.
๐ก Smart Strategy: This incident proves that "Exchange Reliability" is the new alpha. Focus on platforms with Bank-grade Internal Controls and Proof-of-Reserves. The Bithumb blunder was a human error, but the market's recovery shows that Bitcoinโs underlying liquidity is stronger than a $44 billion mistake.
Did you survive the "Bithumb Flash-Crash," or are you looking for the next dip? Letโs talk below! ๐
#BinanceSquare #Bithumb #CryptoSecurity #writetoearn #BitcoinRecovery
1. The 2,000 KRW vs. 2,000 BTC Nightmare
The crisis began when a staff member at Bithumb made a catastrophic input error during a "Random Box" reward event.
The Error: Instead of sending 2,000 Korean Won (roughly $1.40) to 695 users, the system was instructed to send 2,000 Bitcoin (BTC) to each account.The Impact: Suddenly, 695 retail users became accidental multi-millionaires, holding a total of 620,000 BTCโvalued at approximately $44 Billion. This amount exceeded Bithumb's actual holdings by over 12 times.
2. The Flash-Crash and "Panic Selling"
Because these were "ghost coins" existing only in Bithumb's internal ledger, the blockchain itself remained stable. However, the internal market collapsed:
The Crash: As recipients rushed to liquidate their windfall, the BTC/KRW price on Bithumb plunged 17% to roughly $55,000 (81.1 million won).The Defense: Bithumb blocked all transactions and withdrawals within 35 minutes. Remarkably, the exchange has already successfully recovered 99.7% (618,212 BTC) of the erroneously distributed coins.
3. The $1 Billion CEO Compensation Pledge
To restore trust, Bithumb CEO Lee Jae-won issued a comprehensive apology on February 7, including a massive compensation package:
For Panic Sellers: Users who sold BTC at a loss during the crash will be compensated for the full price difference plus a 10% consolation bonus.For All Users: Every user active during the incident will receive 20,000 KRW and 0% trading fees for seven days starting Monday, February 9.The Safeguard: A permanent KRW 100 Billion Customer Protection Fund is being established to prevent a repeat of this "ledger-based" failure.
๐ Market Vital Signs (Feb 8, 2026)
Asset Current (USDT) 24h Change Sentiment
Bitcoin ($BTC ) $71,329 โ๏ธ +3.22% Fear to Neutral
Ethereum ($ETH) $2,109 โ๏ธ +4.34% Oversold Bounce
Solana ($SOL) $88.46 โ๏ธ +3.69% Building Floor
Gold (Spot) $5,100 โ๏ธ New Record Safe Haven King
๐ฎ Prediction: The "Monday Audit" Squeeze
South Korea's Financial Services Commission has launched an emergency on-site inspection of Bithumb.
Bullish Case: If the audit confirms that 100% of "real" customer assets are safe, expect a "Relief Rally" that could push $BTC back to $74,000 by Tuesday.Bearish Case: Any further "ledger discrepancies" found by regulators could trigger another wave of FUD, testing the $64,000 floor once more.
๐ก Smart Strategy: This incident proves that "Exchange Reliability" is the new alpha. Focus on platforms with Bank-grade Internal Controls and Proof-of-Reserves. The Bithumb blunder was a human error, but the market's recovery shows that Bitcoinโs underlying liquidity is stronger than a $44 billion mistake.
Did you survive the "Bithumb Flash-Crash," or are you looking for the next dip? Letโs talk below! ๐
#BinanceSquare #Bithumb #CryptoSecurity #writetoearn #BitcoinRecovery
๐จ ERROR OF 40 BILLION: The day Bitcoin "sprouted" in wallets!
Did you see what happened at Bithumb today? A promotional error sent 2,000 BTC to each of the 695 affected users. Yes, you read that right: billions of dollars distributed by mistake! ๐ฑ
This caused an instant sell-off and a huge shock in the global market. Although the exchange claims to have recovered 99.7% of the funds, the episode raises the eternal debate: "Not your keys, not your coins". How infallible is the infrastructure of CEXs?
This type of event makes me reinforce: keep your custody safe and do not rely solely on one point of failure. The scare has passed, but the lesson remains.
And if 2,000 BTC fell into your account today by mistake, would you try to withdraw or would you return it?
Be honest! ๐
$BTC
#Bithumb #Bitcoin #seguranรงa
Did you see what happened at Bithumb today? A promotional error sent 2,000 BTC to each of the 695 affected users. Yes, you read that right: billions of dollars distributed by mistake! ๐ฑ
This caused an instant sell-off and a huge shock in the global market. Although the exchange claims to have recovered 99.7% of the funds, the episode raises the eternal debate: "Not your keys, not your coins". How infallible is the infrastructure of CEXs?
This type of event makes me reinforce: keep your custody safe and do not rely solely on one point of failure. The scare has passed, but the lesson remains.
And if 2,000 BTC fell into your account today by mistake, would you try to withdraw or would you return it?
Be honest! ๐
$BTC
#Bithumb #Bitcoin #seguranรงa
IAGAMERBR:
o espelho da vida e o olhar de sinceridade entรฃo nasci honesto e vou continuar assim e para poucos nunca precisei pegar uma agulha devolveria com certeza
Korean Regulatory Probe
Korean regulators have launched an emergency investigation into Bithumb after a 60 trillion won Bitcoin error, raising concerns over crypto exchange security. ๐จ๐ป
#Korea #Bithumb #CryptoRegulation #CryptoSecurity #NewsUpdated
Korean regulators have launched an emergency investigation into Bithumb after a 60 trillion won Bitcoin error, raising concerns over crypto exchange security. ๐จ๐ป
#Korea #Bithumb #CryptoRegulation #CryptoSecurity #NewsUpdated
JACKPOT OF A LIFETIME? Not so fast! Imagine waking up to find 2,000 BTC (over $130M) in your account by mistakeโthe "lucky winners" of #Bithumbโs massive glitch just lived that dream for exactly 30 minutes! ๐ค๐ธ
Here is what went down:
A manual error on the South Korean exchange turned 695 users into "accidental" multi-millionaires yesterday. Instead of a 2,000 won ($1.37) reward, the system credited them with 2,000 BTC each! ๐ฑ
๐น ~620,000 BTC ($40B+) distributed in error
๐น 17% Flash Crash on Bithumb as "winners" rushed to sell
๐น Trading frozen within minutes to stop the bleeding
๐น 99.7% of assets already recovered by the exchange
The ultimate "easy come, easy go." While most had their billions clawed back, Bithumb is now under investigation for the historic "fat finger" blunder. ๐๐ฐ๐ท
#bitcoin #CryptoNews #Bithumb #BTC #cryptocrash
Here is what went down:
A manual error on the South Korean exchange turned 695 users into "accidental" multi-millionaires yesterday. Instead of a 2,000 won ($1.37) reward, the system credited them with 2,000 BTC each! ๐ฑ
๐น ~620,000 BTC ($40B+) distributed in error
๐น 17% Flash Crash on Bithumb as "winners" rushed to sell
๐น Trading frozen within minutes to stop the bleeding
๐น 99.7% of assets already recovered by the exchange
The ultimate "easy come, easy go." While most had their billions clawed back, Bithumb is now under investigation for the historic "fat finger" blunder. ๐๐ฐ๐ท
#bitcoin #CryptoNews #Bithumb #BTC #cryptocrash
Dwayne Powroznik PXKJ:
@Binance BiBi fact check
Post Title: BTC at a Crossroads: Recovery or Relief Rally? ๐๐
โThe Market Reality:
Bitcoin is fighting to reclaim the $71,000 level after a wild weekend. We saw a massive "glitch-induced" flash crash on Bithumb that briefly sent shockwaves through the global order books. While 99.7% of the erroneous funds were recovered, the psychological damage to the "Extreme Fear" index (currently sitting at 7) is real.
โTechnical Setup:
โSupport: The market successfully defended $60,000. As long as we stay above $68,500, the structure remains "cautiously bullish" for a recovery.
โResistance: Heavy selling pressure sits at $72,200. A breakout here could trigger a short squeeze toward $75,000+.
โVolume: We are seeing high "buy the dip" activity from long-term holders, even as ETF outflows signal institutional hesitation.
โMy Move:
๐ด Short Term: Neutral/Bearish. The "Dead Cat Bounce" risk is high until we clear $73.5k with volume.
๐ข Mid Term: Bullish. This shakeout removed weak hands and over-leveraged longs.
โThe Strategy:
Don't chase the green candles. If you're looking for a Long, wait for a successful retest of $69k. If you're Shorting, keep tight stops above $72.5k.
โWhatโs your move? Are we heading to $80k or retesting $60k? ๐
โ#Bitcoin #BTC #CryptoMarket #TradingStrategy #BinanceSquare #Bithumb #
โThe Market Reality:
Bitcoin is fighting to reclaim the $71,000 level after a wild weekend. We saw a massive "glitch-induced" flash crash on Bithumb that briefly sent shockwaves through the global order books. While 99.7% of the erroneous funds were recovered, the psychological damage to the "Extreme Fear" index (currently sitting at 7) is real.
โTechnical Setup:
โSupport: The market successfully defended $60,000. As long as we stay above $68,500, the structure remains "cautiously bullish" for a recovery.
โResistance: Heavy selling pressure sits at $72,200. A breakout here could trigger a short squeeze toward $75,000+.
โVolume: We are seeing high "buy the dip" activity from long-term holders, even as ETF outflows signal institutional hesitation.
โMy Move:
๐ด Short Term: Neutral/Bearish. The "Dead Cat Bounce" risk is high until we clear $73.5k with volume.
๐ข Mid Term: Bullish. This shakeout removed weak hands and over-leveraged longs.
โThe Strategy:
Don't chase the green candles. If you're looking for a Long, wait for a successful retest of $69k. If you're Shorting, keep tight stops above $72.5k.
โWhatโs your move? Are we heading to $80k or retesting $60k? ๐
โ#Bitcoin #BTC #CryptoMarket #TradingStrategy #BinanceSquare #Bithumb #
South Korean Exchange Accidentally Sends $40B+ in Bitcoin to Users โ ๏ธ๐ฐ๐ท
South Korean crypto exchange Bithumb briefly turned hundreds of users into multi-millionaires after a system error mistakenly distributed 2,000 Bitcoin instead of 2,000 won ($1.37) as a reward. The glitch affected 695 users, with over $40 billion worth of BTC temporarily sent out ๐ช๐ณ.
Bithumb said it froze trading and withdrawals within 35 minutes and successfully recovered 99.7% of the mistakenly sent funds, stressing the incident was not due to hacking or a security breach. The exchange has apologized and announced compensation of 20,000 won ($13.66) per affected user, along with fee waivers and plans to deploy AI systems to detect abnormal transactions ๐ค.
South Koreaโs financial regulator has launched a review, and the incident has reignited debates over operational risk and tighter oversight in crypto markets ๐โ๏ธ.
#SouthKoreaCrypto #Bithumb
South Korean crypto exchange Bithumb briefly turned hundreds of users into multi-millionaires after a system error mistakenly distributed 2,000 Bitcoin instead of 2,000 won ($1.37) as a reward. The glitch affected 695 users, with over $40 billion worth of BTC temporarily sent out ๐ช๐ณ.
Bithumb said it froze trading and withdrawals within 35 minutes and successfully recovered 99.7% of the mistakenly sent funds, stressing the incident was not due to hacking or a security breach. The exchange has apologized and announced compensation of 20,000 won ($13.66) per affected user, along with fee waivers and plans to deploy AI systems to detect abnormal transactions ๐ค.
South Koreaโs financial regulator has launched a review, and the incident has reignited debates over operational risk and tighter oversight in crypto markets ๐โ๏ธ.
#SouthKoreaCrypto #Bithumb
๐จBITHUMB MADE 620,000 FAKE BITCOIN?!
On Friday, a system glitch let Bithumb distribute 620,000 $BTC that never existed on the blockchain.
The exchange only had 175 $BTC on its own books and 42,619 BTC for customers, yet its ledger treated fake coins as real.
South Korean lawmakers call this a structural failure, not human error.
Regulators are now launching on-site inspections and possible sanctions.
$BTC
#Bithumb #BTC #BitcoinGoogleSearchesSurge #AmeerGro
On Friday, a system glitch let Bithumb distribute 620,000 $BTC that never existed on the blockchain.
The exchange only had 175 $BTC on its own books and 42,619 BTC for customers, yet its ledger treated fake coins as real.
South Korean lawmakers call this a structural failure, not human error.
Regulators are now launching on-site inspections and possible sanctions.
$BTC
#Bithumb #BTC #BitcoinGoogleSearchesSurge #AmeerGro
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