Bithumb Fat-Finger Error: 2,000 BTC Mistakenly Credited, Triggering Local Flash Crash
The post Bithumb Fat-Finger Error: 2,000 BTC Mistakenly Credited, Triggering Local Flash Crash appeared on BitcoinEthereumNews.com.
TLDR Bithumb mistakenly credited 2,000 BTC to hundreds of users, triggering a flash crash. Bitcoin briefly traded 10% below global prices due to sudden localized sell-offs. Exchange reserves limited withdrawals, preventing larger-scale market disruption. Immediate action by Bithumb aimed to recover wrongly deposited BTC and stabilize trading. Bithumb fat-finger error briefly sent Bitcoin prices tumbling on the exchange after a system mistake credited around 2,000 BTC (~$130 million) to users instead of the intended 2,000 KRW reward, triggering large sell orders and a local flash crash before prices rebounded. Prices on Bithumb sank to roughly ₩81.1 million, far below other markets, before stabilizing. Accidental Bitcoin Distribution and Market Reaction Bithumb, South Korea’s second-largest cryptocurrency exchange, mistakenly deposited around 2,000 BTC into hundreds of user accounts. Reports indicate a staff member intended to send a 2,000 KRW reward, but accidentally selected BTC as the currency. Once the Bitcoin landed in user accounts, some recipients quickly sold it, likely anticipating recovery actions by the exchange. This sudden sell-off caused Bitcoin on Bithumb to trade nearly 10% below global market levels. FAT FINGER ERROR: SOUTH KOREA’S BITHUMB AIRDROPS 2,000 $BTC TO USERS South Korean crypto exchange Bithumb mistakenly credited around 2,000 BTC (≈ $130M) to hundreds of users after an operational error. A staff member reportedly intended to send a small 2,000 $KRW reward… pic.twitter.com/m4ezsrox4p — CryptosRus (@CryptosR_Us) February 6, 2026 The local market experienced a sharp liquidity shock rather than a broader Bitcoin decline. One-minute trading charts show a near-vertical drop, followed by a long downside wick, reflecting the sudden surge in sell orders. Arbitrage traders and automated bots quickly responded, buying BTC at prices significantly lower than those on other exchanges. The bounce back in price demonstrates short-term market corrections due to mispricing rather than a return of investor confidence. Users on social media…
Filed under: News - @ February 7, 2026 3:20 am