(Feb 7): South Korean crypto exchange Bithumb, which mistakenly distributed more than US$40 billion (RM157.86 billion) worth of bitcoin on Friday, said it will reimburse customers who made losses when they sold their holdings in a panic during a brief but sharp selloff on its platform. The error led to the distribution of 620,000 bitcoin to 695 users at 7pm local time Friday, a mistake that was identified within 20 minutes, the exchange said. “An abnormal amount of bitcoin was mistakenly distributed to some users,” the exchange said in a statement. Bithumb started halting trading and withdrawals for the credited accounts at 7.35pm and fully blocked it by 7.40pm, it said. Earlier in the session, it came close to falling below US$60,000 for the first time since October 2024.

Source: The Edge Markets February 07, 2026 03:24 UTC