Botched promo saw Bithumb credit users with $40B by mistake • The Register
Korean crypto exchange Bithumb says it recovered nearly all of the more than $40 billion worth of funds it mistakenly handed out to customers as part of a promotional campaign.
Bithumb announced the promo on February 5, promising new registrants on the platform a total ₩100,000 ($68) in benefits. It planned to start this with an initial ₩20,000 ($13) payment deposited into users’ accounts after their first transaction, with subsequent bonuses, including points and Starbucks vouchers, tied to completing additional steps such as verification and coupon entry.
However, the platform accidentally credited 620,000 bitcoin (~$42 billion) to the accounts of 695 users the following day – around $61 million each, if divided equally among…
