Bithumb has successfully recovered 99.7% of the Bitcoin mistakenly distributed during a promotional airdrop error on February 6th. The error occurred when Bitcoin was sent instead of small amounts of Korean Won. The exchange quickly froze affected accounts and used its own funds to cover the remaining losses after some recipients sold the assets. This caused a brief, localized price shock on its platform, but the incident did not affect broader crypto markets. Bithumb is compensating affected users and has established an internal task force to improve operations and prevent future errors. The event highlights the operational risks in centralized exchanges, even without security breaches.

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Bithumb Recovers Nearly All Bitcoin After Airdrop Error

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