Yeah, you read that right. Earlier this week, Bithumb, one of South Korea’s biggest crypto exchanges, accidentally credited users with 620,000 BTC. That’s around $40 billion instead of just a few hundred bucks in a promo. 🤯
What happened next? Well, some people started selling the “accidental” BTC, and Bitcoin dropped roughly 17% in minutes. The exchange quickly paused trading and withdrawals before things got even messier.
Good news: Bithumb recovered almost everything – about 99.7% of the coins went back. But around 125 BTC (~$9M) were sold and haven’t returned yet. And just to be clear – this wasn’t a hack. It was a straight-up human error. In a world full of digital billions, one slip of a finger can still wreak havoc.
Takeaway?
This shows that even the biggest exchanges, handling millions of users and billions in assets, can spiral into chaos from a single human mistake. If you’re keeping your crypto there, think twice before leaving everything in one place.
Moral of the story? The crypto market is wild, unpredictable, and sometimes hilarious in a terrifying way. And it reminds us that humans are still the weakest link in the digital world.