Platform accidentally sends $40 billion in bitcoins to its users

Representation of Bitcoin in an illustration produced on September 10, 2025 REUTERS/Dado Ruvic/Illustration/File photo A South Korean cryptocurrency exchange platform apologized this Saturday (7) after mistakenly transferring more than US$40 billion (R$209 billion) in bitcoins to its users, which sparked a brief wave of sales. 📱Download the g1 app to see news in real time and for free Bithumb stated that it accidentally sent a total of 620,000 bitcoins, which blocked the operations and withdrawals of the 695 affected users for 35 minutes after the failure that occurred on Friday. According to the local press, the platform intended to send around 2,000 won (US$1.37 or R$7.15, at current exchange rates) to each customer as part of a promotion, but mistakenly transferred approximately 2,000 bitcoins per user. See the videos that are trending on g1 “We sincerely apologize for the inconvenience caused to our customers due to the confusion that occurred during the distribution process of this (promotional) event,” the company said in a statement published this Saturday. The platform stated that it recovered 99.7% of the bitcoins sent in error and that it would use its own assets to fully cover the amount lost in the incident. He also admitted that the failure briefly caused “strong volatility” in the prices of this cryptocurrency on the platform, as some recipients sold the tokens, and added that the situation was controlled within five minutes. Bithumb emphasized that the incident was “not related to external cyberattacks or security breaches.” Bitcoin, the world’s main cryptocurrency, plummeted this week and erased the gains caused by United States President Donald Trump’s electoral victory in November 2024.

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