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Full article on Yahoo Finance
Crypto firm accidentally sends $40 bn in bitcoin to users
Market Intelligence Analysis
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Why This Matters
A South Korean cryptocurrency exchange, Bithumb, accidentally transferred $40 billion worth of bitcoin to users, prompting a brief selloff on the platform, but trading and withdrawals were quickly blocked.
Market Impact
Market impact analysis based on neutral sentiment with 80% confidence.
Sentiment
Neutral
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
A South Korean cryptocurrency exchange apologised on Saturday after mistakenly transferring more than $40 billion worth of bitcoin to users, which briefly prompted a selloff on the platform.Bithumb said it accidentally sent 620,000 bitcoins, currently worth more than $40 billion, and blocked trading and withdrawals for the 695 affected users within 35 minutes after the error occurred on Friday.
Original article published by
Yahoo Finance
on February 7, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.