Bithumb's $40 Billion Bitcoin Blunder - What Every Crypto Investor Must Know
South Korea's 2nd largest exchange Bithumb accidentally sent 620,000 BTC (~$40B) to 695 users instead of ~$1.40 each in Korean won.
An employee entered the reward as "Bitcoin" instead of "Korean Won." Within 20 minutes, some users received 2,000+ BTC each, worth over $120M per person.
What happened next:
→ $BTC price on Bithumb crashed 17% instantly
→ ~1,786 BTC Sold before accounts were frozen
→ 99.7% of ghost Bitcoin recovered
→ CEO admitted system failures at parliamentary hearing
The Real Problem?
Bithumb held only ~42,000 BTC but distributed 620,000 BTC using their internal ledger. These "phantom coins" never existed on-chain.
This proves centralized exchanges can credit your account with crypto they don't actually hold.
Key Takeaways:
1️⃣ CEX balances are just numbers on a database, not real on-chain Bitcoin
2️⃣ Self-custody remains the safest option
3️⃣ South Korea launching major regulatory investigations
4️⃣ Users who Sold Phantom BTC must return profits or face legal action
Not Your Keys, Not Your Coins.
This is one of the biggest exchange errors in crypto history and a wake-up call for the entire industry.
Stay safe. Stay informed.
🚀 Potential Binance Watchlist – Strong Narrative Projects to Monitor
Here are some high-momentum tokens gaining attention across presale, Alpha, Futures & infrastructure narratives 👇
🔹 HYPER – Bitcoin L2 with SVM execution
Strong presale traction + solid infrastructure thesis
🔹 MAXI – Trader-focused meme token
Fixed supply + growing community momentum
🔹 LIQUID – Cross-chain L3 protocol
Multi-chain liquidity narrative building
🔹 SUBBD – AI creator subscription platform
Existing user base + real platform utility
🔹 LILPEPE – Meme-branded L2 ecosystem
Infrastructure ambition + presale hype
🔹 PEPENODE – Mine-to-earn meme model
Burn mechanics + unique earning structure
🔹 OBOL – Distributed validator tech
Active on Binance Alpha & Futures
🔹 NXPC – MapleStory Universe rewards
Gaming IP + Binance Alpha debut
🔹 EPT – AI + Web3 social protocol
Alpha launch + Futures integration
🔹 GAIB – Tokenized AI compute
Institutional backing + Alpha exposure
🔹 BIO – Decentralized science platform
Launchpool graduate + Spot listed
🔹 LIGHT – Bitcoin Lightning infrastructure
RGB protocol development + Alpha visibility
📊 Strong narratives: Bitcoin L2, AI x Web3, Meme 2.0, Gaming, DeSci, Cross-chain infra
⚠️ Always DYOR. Alpha exposure ≠ guaranteed spot listing.
#BinanceSquare #crypto #Altcoins #AI #Bitcoin
Stop chasing the pump look at the chart clearly $TAKE
After a strong pump and heavy rejection, $TAKE is now moving sideways under resistance around 0.036–0.038. This looks like a weak recovery after a dump, not strong bullish continuation.
If price fails to break higher, sellers can step in again.
Short Plan:
Entry Zone: 0.0355 – 0.0375
Target 1: 0.0325
Target 2: 0.0290
Target 3: 0.0250
Stop Loss: 0.0395
If 0.039–0.040 breaks with strong volume, avoid shorting.
But if price stays below resistance, downside continuation is likely.
Manage risk and don’t overleverage.
{future}(TAKEUSDT)
#vanar $VANRY @Vanar
$VANRY continues to trade within a tight consolidation range, forming what looks like a classic accumulation structure.
Key levels to watch:
• Support: $0.00617 – $0.0062
• Resistance: $0.0080 – $0.010
Price has repeatedly defended the $0.006 zone, with buyers stepping in each time it’s tested.
📈 Bullish confirmation: A strong break and sustained hold above $0.008
⚠️ Risk scenario: Loss of $0.006 opens room for a deeper pullback
Volume remains moderate, suggesting the next impulsive move will likely require a catalyst with ecosystem developments, AI product traction, or broader market momentum.
Vanar’s AI-focused L1 positioning, EVM compatibility, and tools like myNeutron keep it on my radar as an infrastructure play.
Strategy: Accumulate near support, trim near resistance, scale after confirmation.
Risk management first.
#VanarChain
$TAKE USDT Perp trading at 0.03547, up 78.15% at Rs9.95 after explosive momentum. Price ripped to a 24h high of 0.05085 from 0.01977 low, with massive 10.83B TAKE volume and 395.65M USDT turnover. After the vertical surge, sharp rejection hit 0.03132 before stabilizing. Now consolidating near 0.03549 as volatility cools. Bulls must reclaim 0.03894 to revive upside pressure, while loss of 0.03132 risks deeper unwind. Extreme range, high adrenaline price action.
{alpha}(560xe747e54783ba3f77a8e5251a3cba19ebe9c0e197)
#GoldSilverRally #WhaleDeRiskETH #USRetailSalesMissForecast #TrumpCanadaTariffsOverturned #USNFPBlowout
$PTB USDT Perp trading at 0.001479, up 6.17% at Rs0.4148. Price exploded to a 24h high of 0.001581 after sweeping 0.001339 lows, printing strong momentum. 24h volume stands at 5.54B PTB, signaling aggressive participation. After the spike, price cooled into consolidation above 0.001433. Bulls holding structure above 0.001470 keep breakout pressure alive, while a drop below 0.001433 risks deeper pullback. Volatility expanding, momentum in play.
{alpha}(560x95c9b514566fbd224dc2037f5914eb8ab91c9201)
#GoldSilverRally #WhaleDeRiskETH #USRetailSalesMissForecast #TrumpCanadaTariffsOverturned #USNFPBlowout
$VANRY /USDT trading at 0.006266, up 3.33% at Rs1.75. Price tapped a 24h high of 0.006476 and printed a sharp rejection down to 0.006230, now attempting a bounce. 24h volume stands at 83.66M VANRY, showing active rotation. Short-term structure flipped volatile after the spike, with heavy sell candles and rising volume. Bulls must reclaim 0.006380 for momentum shift, while 0.006230 remains critical intraday support. High risk, fast tape.
#GoldSilverRally #WhaleDeRiskETH #USRetailSalesMissForecast #TrumpCanadaTariffsOverturned #TrumpCanadaTariffsOverturned
This volatility is crazy...
$BTC pumped above $68,000 (3 times) in the past 24 hours liquidating $200M shorts.
In the same time, $BTC dumped to $66,000 (5 times) liquidating $300M longs.
Now, below at $63,000 - $66,000 we have sizable liquidity.
However, $69,000 - $72,000 has roughly 2x more liquidity built up making this a more probable zone to attack next.
Bears and Bulls are both getting rekt.
{future}(BTCUSDT)