Bithumb accidentally distributed 2,000 BTC to users instead of $1.50 rewards 🚨
Here’s what actually happened:
On February 6, 2026, around 10:30 UTC, Bithumb ran a “Random Box” promotional event.
The reward was supposed to be 2,000 KRW.
(Around $1.50)
Instead, an internal operational mistake credited a total of 2,000 BTC across hundreds of user accounts.
That’s ~$130 million.
People immediately started selling.
And the BTC price on Bithumb crashed almost instantly.
At the exact moment of the incident:
Bithumb BTC/KRW dropped to around $60,252
Global Bitcoin price stayed near $65,359
A 7–10% gap.
But there are no TXIDs.
No blockchain movement showing 2,000 BTC leaving Bithumb wallets.
Nothing.
It was an internal ledger credit.
Basically, Bithumb’s database told users they had Bitcoin.
But the Bitcoin network never saw it.
- Internal paper BTC shock
Users could sell the credited “BTC” inside Bithumb’s order book.
So selling pressure exploded inside their closed system.
Market makers got overwhelmed.
Liquidity disappeared.
Price crashed.
But withdrawals and arbitrage couldn’t fix it fast because:
- accounts were frozen
- withdrawals were blocked
- Korean exchanges are more isolated by regulation
So the crash stayed trapped inside Bithumb.
- Bithumb response
Bithumb quickly froze affected accounts.
But who eats the loss?
Some reports claim Bithumb holds around 46,000 BTC in reserves.
(But that number is not verified at all)
If it was true, then 2,000 BTC would be about 4% of reserves.
Big mistake.
Here’s what actually happened:
On February 6, 2026, around 10:30 UTC, Bithumb ran a “Random Box” promotional event.
The reward was supposed to be 2,000 KRW.
(Around $1.50)
Instead, an internal operational mistake credited a total of 2,000 BTC across hundreds of user accounts.
That’s ~$130 million.
People immediately started selling.
And the BTC price on Bithumb crashed almost instantly.
At the exact moment of the incident:
Bithumb BTC/KRW dropped to around $60,252
Global Bitcoin price stayed near $65,359
A 7–10% gap.
But there are no TXIDs.
No blockchain movement showing 2,000 BTC leaving Bithumb wallets.
Nothing.
It was an internal ledger credit.
Basically, Bithumb’s database told users they had Bitcoin.
But the Bitcoin network never saw it.
- Internal paper BTC shock
Users could sell the credited “BTC” inside Bithumb’s order book.
So selling pressure exploded inside their closed system.
Market makers got overwhelmed.
Liquidity disappeared.
Price crashed.
But withdrawals and arbitrage couldn’t fix it fast because:
- accounts were frozen
- withdrawals were blocked
- Korean exchanges are more isolated by regulation
So the crash stayed trapped inside Bithumb.
- Bithumb response
Bithumb quickly froze affected accounts.
But who eats the loss?
Some reports claim Bithumb holds around 46,000 BTC in reserves.
(But that number is not verified at all)
If it was true, then 2,000 BTC would be about 4% of reserves.
Big mistake.
💩7👎5🤮4🖕2
This media is not supported in your browser
VIEW IN TELEGRAM
girls : i don't trust anyone easily
men with their memecoin bag :
men with their memecoin bag :
😁21🤡4🤣1
🔥 Binance Ramadan Market Masters 🛒
💰 $50,000 Rewards for Top 10,000 Traders
🔗 Event Link: Join Now
👉SignUp New Binance [
👉Get Full Trading Fee Back
💰 $50,000 Rewards for Top 10,000 Traders
🔗 Event Link: Join Now
👉SignUp New Binance [
ROBINRRL ]👉Get Full Trading Fee Back
✅ Register First
✅ Join Event & Make Regular Trading
✅ Any non zero fee pair
Your all volume count here this event and you will get smart reward if you make a smart volume.
👍18
🎁 Binance New Competition OPN🚀
💰 Earn 4–24 OPN Tokens
👥 FCFS for 62,500 Users
🔗 Event Link: Join Now
🔗Create New Binance
🔥Get Full Trading Fee Back
🔥And Up To $600 Rebate Voucher
🔥 All Users Trade Mission
Trade & Share 750,000 OPN Prize Pool!
💰 Earn 4–24 OPN Tokens
👥 FCFS for 62,500 Users
🔗 Event Link: Join Now
🔗Create New Binance
🔥Get Full Trading Fee Back
🔥And Up To $600 Rebate Voucher
🔥 All Users Trade Mission
Trade & Share 750,000 OPN Prize Pool!
📋 How to Participate:
1️⃣ Click Join Now on the event page
2️⃣ Trade $500+ volume in any eligible OPN Spot pair
3️⃣ Get Random Reward: 4–24 OPN 🎁
⚡ First 62,500 users only (FCFS)
🏆Trading Volume Tournament 🚀
💰 Prize Pool: 1,750,000 OPN
📋 How to Join:
1️⃣ Click Join Now on the event page
2️⃣ Trade $1,000+ in OPN Spot pairs
🎁 Reward Formula:
Your Reward = (Your Volume / Total Volume) × Prize Pool
⚠️ Minimum $1,000 trading required to qualify.
👍9❤7🔥3
Ramadan is not only about fasting, it’s a time for self-discipline, gratitude, charity, and helping others.
ONBOARD TO BINANCE WITH ME
Complete Daily Task and make at least 600 Points
During the Activity Period, complete the missions below to earn points. Users who accumulate 600 points or more by the end of the campaign will qualify to share $25,000 in OPEN, ACE, and STRAX token vouchers.
In addition, the top 300 users by total points will equally share an extra $5,000 in rewards
-Deposit 100$ + copy trade 100$ + bot trade 100$ task
-2$ reward for each task Total $6
Join:Click to Join
Eligible BNB subscriptions will share 15 BNB equally when they stake BNB at least for 7 days during the Activity Period.
Calender: https://www.binance.com/join?ref=ROBINRRL
Please open Telegram to view this post
VIEW IN TELEGRAM
🔥8❤3👍2
Alhamdulillah!! একটা গুরুত্বপূর্ণ কাজ Successful হলো। আমার জন্য দোয়া করবেন সবাই🥰
❤7🔥2👍1
Please open Telegram to view this post
VIEW IN TELEGRAM
👍10🔥9❤2
- Singup, Kyc & Register
- $1K SPOT Volume NEXI/USDT
- Done
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
👍6🔥5❤2
মাএ ৪৭৬ হয়েছে আপনারা চাইলে একদিন ১ হাজার করে দিতে পারবেন প্লিজ 🙏❤️
Task Complete : https://gleam.io/9QKuy/allscale-afsar
প্লিজ সবাই একটু হেল্প করুন আমাকে 🙏🥰
৫ সেকেন্ড এর সময় দিয়ে কাজটা কমপ্লিট করে নেন সবাই 🥰
Task Complete : https://gleam.io/9QKuy/allscale-afsar
প্লিজ সবাই একটু হেল্প করুন আমাকে 🙏🥰
৫ সেকেন্ড এর সময় দিয়ে কাজটা কমপ্লিট করে নেন সবাই 🥰
🔥7👍6❤5