Overview
- An input mistake during a Random Box promotion credited roughly 620,000 BTC to 695 accounts instead of small cash rewards.
- Bithumb says it limited trading and withdrawals for the affected users within about 35 minutes of detecting the error.
- The company reports recovering about 99.7% of the coins (approximately 618,212 BTC) and says no funds reached external wallets.
- Some recipients sold quickly, briefly pushing Bitcoin about 17% lower on Bithumb before prices normalized, while other platforms stayed stable.
- Bithumb says the incident was not a hack, as South Korea’s Financial Services Commission holds an emergency meeting and begins a review that could include on-site inspections.