The post Bithumb Recovers Nearly All Bitcoin After Airdrop Error appeared on BitcoinEthereumNews.com.

Bithumb recovered about 99.7% of Bitcoin mistakenly distributed during a reward event error. The brief Bitcoin price drop on Bithumb did not spread to global markets. The exchange plans compensation, fee relief, and stronger internal controls to prevent future incidents. Bithumb has recovered almost all Bitcoin mistakenly distributed during a recent reward event error, easing concerns around customer asset safety and market disruption. The South Korea-based exchange said it retrieved about 99.7% of the Bitcoin credited to users by mistake and used its own funds to settle the remaining amount after some recipients sold the assets. The incident occurred on Feb. 6th as a promotional reward, and basically, it was supposed to give individuals small denominations of Korean Won, but an error occurred, and Bitcoins were traded instead. After selling Bitcoins, some individuals experienced a brief yet significant drop on the Bithumb BTC/KRW pair. Similar operational incidents have surfaced in recent crypto exchange mishaps and Bitcoin trading disruptions, highlighting the importance of strong internal controls. Bithumb says 99.7% of mistaken BTC has been recovered In a notice published on its website, Bithumb said it identified the error quickly and moved to contain the damage. The exchange froze the accounts and initiated the account recovery process as soon as it noticed the problem. By the end of Feb. 7, Bithumb confirmed that all the affected account balances were fully restored and that the accounts remained safe during the process. The exchange emphasizes that the incident was a result of an operational failure and not related to any security breach or hacking. It added that the recovery process demonstrated the effectiveness of its internal response systems, even under pressure. Localized price shock stayed contained The mistaken Bitcoin distribution caused a temporary plunge in Bitcoin prices on Bithumb, sharply diverging from prices on…

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Filed under: News - @ February 9, 2026 3:21 pm