Crypto Firm Accidentally Sends $44 Billion in Bitcoin to Users

On Saturday, South Korean cryptocurrency exchange Bithumb faced a significant blunder, accidentally distributing over $40 billion worth of Bitcoins (CRYPTO: BTC BTC - $69471.654 to customers during a promotional event. The exchange initially intended to give small cash rewards of 2,000 Korean won ($1.40) or more to each user, but instead, winners received at least 2,000 Bitcoins each, leading to a massive selloff.

Source: benzinga.com

Related symbols: BTCUSD

2026-02-07 18:57:01 GMT.

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Price & Market Data

Price: $69471.654

Volume 24h: $68,349,294,955.24

Market Cap: $1,388,448,313,702.30

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,985,562. The last known price of Bitcoin is 67,939.666186 USD and is up 3.18 over the last 24 hours. It is currently trading on 12558 active market(s) with $82,306,309,215.67 traded over the last 24 hours. More information can be found at https://bitcoin.org/.