2/07/2026

Firm Accidentally Pays Out $40bn in Bitcoin



A South Korean cryptocurrency exchange accidentally gave away more than $40bn (£32bn) worth of bitcoin to customers, briefly making them multi-millionaires.

It had planned to give customers a small cash reward of 2,000 won - $1,37 - but instead gave them 2,000 bitcoins on Friday.

The platform, Bithumb, apologised for the error, adding that it quickly had realised its mistake and recovered almost all the missing tokens.

It said it had restricted trading and withdrawals for the 695 affected customers within 35 minutes of the glitch.

The company said it had recovered 99.7% of the 620,000 bitcoins mistakenly sent.

"We want to make it clear that this matter has nothing to do with external hacking or security breaches, and there is no problem with system security or customer asset management," Bithumb said in a statement on Friday.

- Author: Rachel Muller-Heyndyk, BBC

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