{"id":990707,"date":"2026-02-09T08:27:42","date_gmt":"2026-02-09T02:57:42","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=990707"},"modified":"2026-02-09T08:39:35","modified_gmt":"2026-02-09T03:09:35","slug":"crypto-firm-accidentally-sends-44-billion-in-bitcoins-to-users","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/02\/09\/crypto-firm-accidentally-sends-44-billion-in-bitcoins-to-users\/","title":{"rendered":"Crypto firm accidentally sends $44 billion in bitcoins to users"},"content":{"rendered":"<p>South Korean cryptocurrency exchange Bithumb \u200dsaid on Saturday it had accidentally given away more \u2060than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange. <\/p>\n<p>Bithumb \u200capologised for \u200cthe mistake, which took place on Friday, and said \u200cit had recovered 99.7% of the 620,000 bitcoins, worth about $44 billion at current prices. It had restricted trading and withdrawals for the 695 affected \u200bcustomers within 35 minutes of \u200bthe erroneous distribution on Friday. <\/p>\n<p>The exchange had \u200cplanned \u200dto distribute small cash rewards of \u200d2,000 Korean won ($1.37) or more to each \u200cuser as part of a promotional event, but winners received at least 2,000 bitcoins each instead, media reports said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean cryptocurrency exchange Bithumb \u200dsaid on Saturday it had accidentally given away more \u2060than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange. Bithumb \u200capologised for \u200cthe mistake, which took place on Friday, and said \u200cit had recovered 99.7% of the 620,000 bitcoins, worth about $44 billion at current prices. It had restricted trading and withdrawals for the 695 affected \u200bcustomers within 35 minutes of \u200bthe erroneous distribution on Friday. The exchange had \u200cplanned \u200dto distribute small cash rewards of \u200d2,000 Korean won ($1.37) or more to each \u200cuser as part [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-990707","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/990707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=990707"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/990707\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=990707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=990707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=990707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}