The South Korean exchange stated an internal payout error during a promotional event led to an abnormal amount of $BTC being credited to some user accounts. Recipients sold the mistaken credits, causing sharp price fluctuations on the platform.
Bithumb quickly restricted affected accounts via internal controls, stabilizing market prices within minutes and preventing chain liquidations. They confirmed no hacking occurred and no customer assets were lost, with all services now normal.
The exchange stresses customer funds are safe and promises transparent follow-up actions. A stark reminder of how internal ops, not just external hacks, can impact exchange stability. $BTC #MarketRally #USIranStandoff #RiskAssetsMarketShock
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