Bithumb Error Sends Bitcoin Crashing 10% After 2,000 BTC Airdrop
The post Bithumb Error Sends Bitcoin Crashing 10% After 2,000 BTC Airdrop appeared on BitcoinEthereumNews.com.
South Korea’s cryptocurrency exchange Bithumb faced a major operational mishap on February 6, 2026, which quickly sent the BTC/KRW trading pair down by double digits. It brings to mind past controversies about the exchange, including incidents of partial liability in data leaks. Sponsored Sponsored Bithumb’s Accidental 2,000 BTC Airdrop Sparks 10% Bitcoin Crash on Exchange Reportedly, a staff member accidentally sent 2,000 Bitcoin (BTC) to hundreds of users instead of the intended 2,000 Korean Won (KRW) reward. The error triggered an immediate wave of sell-offs, sending Bitcoin’s price on the exchange more than 10% below global market rates. BTC/KRW Price Performance. Source: TradingView Dumpster DAO core member Definalist first reported the incident, citing a routine airdrop meant as a small incentive for platform users. Amidst the chaos, some users reportedly benefited significantly from the mistake, selling their unexpected Bitcoin windfall at market prices. It looks like hundreds of users got that accidental 2,000 BTC. It’s a total comedy of errors—apparently, a staff member meant to give out 2,000 KRW as a random box prize but typed BTC instead. Crazy to think that exchanges can still do paper trading like this, even in 2026lmao https://t.co/RGwXzbUBDN pic.twitter.com/fEnfxAWhJO — Definalist (@definalist) February 6, 2026 The accidental BTC distribution has raised questions about internal controls and risk management at crypto exchanges, particularly those handling high-value digital assets. Sponsored Sponsored “Crazy to think that exchanges can still do paper trading like this, even in 2026 lmao,” remarked Definalist. Notably, however, the Bitcoin price crash was largely confined to Bithumb due to the exchange’s isolated order book. Users sold massive amounts of BTC directly on Bithumb, overwhelming its liquidity and causing a 10% local drop. Other exchanges remained unaffected because the selling pressure didn’t enter their markets, and global arbitrage mechanisms hadn’t yet adjusted the discrepancy,…
Filed under: News - @ February 6, 2026 3:25 pm