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Bithumb Exchange’s $133M Airdrop Error Sparks Brief Bitcoin Plunge to $56,000

Bithumb Exchange’s $133M Airdrop Error Sparks Brief Bitcoin Plunge to $56,000

Author:

Global Cryptocurrency

Published:

2026-02-06 15:36:48

10

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Bithumb exchange News -

South Korea's Bithumb exchange experienced a sharp, temporary price dislocation as bitcoin briefly traded at a steep discount after an internal error distributed approximately $133 million worth of BTC to users. The incident rattled local markets during a period of heightened regulatory scrutiny for the exchange.

Market observers noted the event highlighted operational risks at a critical juncture for cryptocurrency platforms, with Bithumb already under watch by financial authorities like the FSA. The price quickly corrected after the erroneous transactions were identified, but not before creating significant arbitrage opportunities across Asian trading venues.

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