Bithumb fixes payout error after abnormal Bitcoin trades

first published 2026-02-06T12:40:50Z

On-chain analyst Lookonchain and social posts say a Bithumb staff mistake during an airdrop allegedly sent roughly 2,000 BTC (~$133M) to users instead of a small KRW reward. Recipients reportedly sold immediately, causing Bitcoin to trade more than 10% below other major exchanges on Bithumb. Bithumb has not confirmed the incident; it is unknown whether the BTC were withdrawn, frozen, reversed or if trades will be rolled back. The exchange’s prior operational issues make the reports particularly sensitive.

AI Analysis

Lookonchain and social posts report a staff airdrop error that allegedly moved ~2,000 BTC to users who reportedly sold, producing a >10% price divergence on Bithumb; Bithumb has not confirmed and it’s unclear if funds/trades were reversed or frozen — facts that create near-term selling pressure and trade uncertainty.

Source Articles