South Korean cryptocurrency exchange Bithumb mistakenly distributed approximately 620,000 bitcoins, worth around $44 billion, to 695 customers during a promotional event. The company quickly acted to restrict trading and withdrawals, claiming to have recovered 99.7% of the erroneously distributed cryptocurrency within 35 minutes of the incident.

The exchange emphasized that the mistake was not caused by external hacking or security breaches, but the incident has prompted South Korean financial regulators to launch a comprehensive review of the crypto platform’s internal control systems. Bithumb had originally intended to distribute small cash rewards of 2,000 Korean won ($1.40), but instead, some users received at least 2,000 bitcoins each, triggering a sharp market selloff.

Read More: BOB Skyrockets Over 120% After South Korea’s Bithumb Exchange Listing

• How much bitcoin was accidentally distributed? — Approximately 620,000 bitcoins, worth around $44 billion, were mistakenly sent to users.
• Did Bithumb recover the bitcoins? — The exchange claims to have recovered 99.7% of the distributed bitcoins within 35 minutes.
• What are the regulatory implications? — South Korean financial regulators plan to conduct on-site inspections of Bithumb and other crypto exchanges.
• Was this a security breach? — Bithumb stated the incident was not related to external hacking or security vulnerabilities.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。