A STAGGERING BLUNDER just shattered the crypto market. South Korea’s second-largest exchange, Bithumb, didn’t just make a typo—they DUMPED A FORTUNE into the wrong hands. (Photo: YONHAP News)
They meant to give away pocket change. They gave away the bank.
In a promotional event gone horribly wrong, the exchange accidentally gifted 620,000 BITCOINS to 249 random users last Friday night. That’s not the dollar amount. That’s the raw number of bitcoins. Each user suddenly held Bitcoin worth a quarter of a TRILLION won—244 BILLION won, on average.
And then some of them IMMEDIATELY SOLD.
The market instantly bled. The price of Bitcoin nosedived to 81.1 million won in a matter of minutes, a terrifying plunge caused by a few random people suddenly becoming trillionaires. The chaos wasn’t contained until Bithumb slammed on the brakes and froze accounts, with the price barely clawing back later.
This is beyond a simple “glitch.” Why are our life savings and the global market held hostage by what looks like a CATASTROPHIC LAPSE in basic coding? A midnight apology and claiming they got “99.7%” back doesn’t cut it. Where is the other 0.3%? Who got to keep it?
This isn’t just about Bithumb. This is a DIRECT WARNING. It exposes the hidden, fragile strings holding up your digital wealth. The “Big Money” institutions preach stability, but their systems are built on coding errors and hope.
While you sweat over your portfolio, a single keystroke by an overwhelmed exchange can vaporize billions in seconds.
It proves the entire system is one amateur mistake away from collapse.
Edited for Kayitsi.com
Author: Kayitsi.com
