South Korean Crypto Exchange Bithumb Mistakenly Sends Billions in Bitcoin to Users

South Korean cryptocurrency exchange Bithumb mistakenly transferred over 620,000 bitcoins, worth around 40 to 44 billion won, to 695 users during a promotional event. The exchange restricted trading and withdrawals within 35 minutes and recovered 99.7% of the bitcoins. Bithumb apologized for the error, which briefly caused a 17% drop in bitcoin prices on its platform. The company stated the incident was unrelated to hacking and will cover any losses with its own assets.