Crypto Company Accidentally Gives Out BTC Worth $40bn
Crypto markets are known for their speed, size, and surprises. But even in this fast-moving world, what happened at a South Korean crypto exchange shocked many people. A simple mistake turned into a $40 billion problem almost instantly. The company involved is Bithumb, one of South Korea’s largest cryptocurrency exchanges. The firm planned to give customers a small reward as part of a routine promotion. Each user was supposed to receive 2,000 won, which is worth about $1. Instead of sending cash, the system mistakenly sent 2,000 bitcoins to each affected customer. At current prices, that error added up to…