Bitcoin Trading Disruption: Bithumb’s $60B Exchange Error
Saturday, 7 February 2026, 15:24
Bitcoin Exchange Error: Bithumb's Costly Glitch
Bithumb, a leading Korean cryptocurrency exchange, faced a significant challenge as it accidentally transferred over $60 billion worth of bitcoin to users due to an internal exchange error. This incident occurred when system updates prompted unintended transactions, creating chaos in the bitcoin trading arena.
Impact on the Market
- Many users quickly capitalized on the unexpected windfall.
- A brief sell-off ensued as traders rushed to exchange their assets.
- The exchange issued an apology, assuring users that the situation would be rectified.
Lessons Learned
Such exchange glitches serve as a wake-up call for the cryptocurrency industry. Users must remain vigilant, and exchanges must prioritize system integrity to avoid similar mishaps in the future.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.