Bithumb says customer loss estimated at KRW 1 billion due to blunder | TheStarTV.com

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Bithumb says customer loss estimated at KRW 1 billion due to blunder

Published on 7 Feb 2026 11:31:06 PM

South Korean cryptocurrency exchange Bithumb said on Saturday (Feb 7) it had accidentally given away more than US$40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange.

Bithumb said it had rectified the blunder and the expected customer loss was approximately KRW 1 billion as of 4pm on Feb 7.

It also promised to compensate the customers for any additional losses that may arise.

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news, thestartv, the star, cryptocurrency, bitcoin, bithumb, south korea, seoul, mistake, distribution, rewards, apology

South Korean cryptocurrency exchange Bithumb said on Saturday (Feb 7) it had accidentally given away more than US$40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange.

Bithumb said it had rectified the blunder and the expected customer loss was approximately KRW 1 billion as of 4pm on Feb 7.

It also promised to compensate the customers for any additional losses that may arise.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, thestartv, the star, cryptocurrency, bitcoin, bithumb, south korea, seoul, mistake, distribution, rewards, apology

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