#NewsAboutCrypto $BTC
Saturday, February 7, 2026:
🚨 The $40 Billion Mistake
The biggest story today is coming out of South Korea. The exchange Bithumb accidentally distributed 620,000 Bitcoins (worth roughly $44 billion) to customers as part of a promotion.
The Error: They meant to send 2,000 KRW (about $1.40) to each user but sent 2,000 BTC instead.
The Fallout: This caused a localized flash crash of 17% on the exchange as some users immediately tried to sell.
Status: Bithumb claims to have recovered 99.7% of the funds and has frozen the accounts of the 695 affected
Saturday, February 7, 2026:
🚨 The $40 Billion Mistake
The biggest story today is coming out of South Korea. The exchange Bithumb accidentally distributed 620,000 Bitcoins (worth roughly $44 billion) to customers as part of a promotion.
The Error: They meant to send 2,000 KRW (about $1.40) to each user but sent 2,000 BTC instead.
The Fallout: This caused a localized flash crash of 17% on the exchange as some users immediately tried to sell.
Status: Bithumb claims to have recovered 99.7% of the funds and has frozen the accounts of the 695 affected