Bithumb Exchange Seeks Court Intervention to Recover $8M Bitcoin Payout Error

BTCC / BTCC Square / Global Cryptocurrency /

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2026-04-09 10:04:07

Bithumb exchange News -

South Korea's second-largest cryptocurrency exchange, Bithumb, has escalated a legal battle to recover seven Bitcoins (worth approximately $8 million) mistakenly credited to users during a February promotional campaign. The error occurred when staff accidentally selected "BTC" instead of Korean won, resulting in 249 winners receiving 620,000 Bitcoin each in internal accounts—a theoretical $40 billion windfall.

Within minutes, users liquidated 1,788 BTC before Bithumb froze affected accounts. The incident triggered volatility, with Bitcoin's KRW pair briefly plunging to 80 million won. Despite repeated demands, a small group of users refuses to return the funds, prompting the exchange to seek judicial intervention.

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