Bithumb mistakenly sends bitcoin to users, causing ‘temporarily fluctuation’ in BTC price on exchange
The Block
Bithumb accidentally sent excess bitcoin to some users, causing temporary price fluctuations on the exchange.Summary
South Korean crypto exchange Bithumb mistakenly sent an excess amount of bitcoin to some customers, who subsequently sold it, leading to temporary price disruptions on the platform. Bithumb apologized for the confusion, stating they immediately identified the abnormal transaction via their internal control system and restricted the relevant accounts. The exchange did not specify the amount of bitcoin sent or the number of affected accounts, but confirmed that their "domino liquidation prevention system" averted more severe chain liquidations due to the abnormal BTC price. Bithumb asserted that the incident was not due to external hacking or a security breach and that no customer assets suffered loss or damage.
(Source：The Block)