Overview
- Bithumb says a misprocessed promotional payout mistakenly transferred 620,000 BTC to 695 client accounts on Friday.
- Account activity for the affected users was blocked within 35 minutes, and the company issued a public apology on Saturday.
- The platform experienced about five minutes of sharp turbulence, with bitcoin briefly down roughly 17% on Bithumb's charts.
- The company states the incident was unrelated to any external hack or security flaw.
- The mistaken transfers were valued at roughly €36.8–37 billion based on prevailing bitcoin prices, according to the reports.