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A South Korean cryptocurrency exchange apologised on Saturday after mistakenly transferring more than $40 billion (Ksh.5.16 trillion) worth of bitcoin to users, which briefly prompted a selloff on the platform.
Bithumb said it accidentally sent 620,000 bitcoins, currently worth more than $40 billion, and blocked trading and withdrawals for the 695 affected users within 35 minutes after the error occurred on Friday.
According to local reports, Bithumb was meant to send about 2,000 won ($1.37) to each customer as part of a promotion, but mistakenly transferred roughly 2,000 bitcoins per user.
"We sincerely apologise for the inconvenience caused to our customers due to the confusion that occurred during the distribution process of this (promotional) event," Bithumb said in a statement released Saturday.
The platform said it had recovered 99.7 percent of the mistakenly sent bitcoins, and that it would use its own assets to fully cover the amount that was lost in the incident.
It admitted the error briefly caused "sharp volatility" in bitcoin prices on the platform as some recipients sold the tokens, adding that it brought the situation under control within five minutes.
Its charts showed the token's prices briefly went down 17 percent to 81.1 million won on the platform late Friday.
The platform stressed that the incident was "unrelated to external hacking or security breaches".
Bitcoin, the world's biggest cryptocurrency, sank this week, wiping out gains sparked by US President Donald Trump's presidential election victory in November 2024.

12 years ago, this guy bought $50,000 worth of Bitcoin. Back then, each Bitcoin was worth just $100. Today, his $50,000 Bitcoin purchase is worth over $50 million. What a legend!

#TrumpProCrypto #BTC☀ #StrategyBTCPurchase

Michael Saylor, executive chairman of Strategy, said the company could theoretically expand its holdings to as much as 1.5 million $BTC .
According to him, owning 3–7% of Bitcoin’s total supply is not excessive and is viewed as an acceptable scale for a long-term strategy.

when in doubt, zoom out $BTC

#TrumpProCrypto #StrategyBTCPurchase

$BTC The crypto world is buzzing! Bitcoin has seen a significant drop, moving from a high of $100,000 to below $77,000. This kind of volatility is a stark reminder of the dynamic nature of the cryptocurrency market. What are your thoughts on this recent shift? Is it a dip before another surge, or a sign of further corrections to come?

Wishing our incredible community a day filled with joy, peace, and prosperity. Whether you’re HODLing for the future or enjoying the present with loved ones, may your holiday season be as bright as a green candle! 💹✨
Thank you for being part of the DollaMoja Hub journey this year. Let’s finish 2025 strong and get ready for an even bigger year ahead in the crypto space.
Stay festive, stay bullish! 🎅💰
#DollaMojaHub #BinanceSquare #christmas2025 #CryptoCommunity #Web3

Crypto transactions just got a whole lot easier.
Binance has introduced a new feature that lets you send crypto directly inside your chat conversations — no switching tabs, no copying wallet addresses, no stress.
With Binance Chat, you can message your friends, catch up on life, and instantly transfer crypto like USDT or USDC with a single tap. It’s fast, seamless, and designed to make digital payments feel as natural as sending an emoji.
Whether you’re splitting dinner, gifting someone, or settling a quick bill, this feature brings convenience right into your conversations. Just tap Send Crypto, choose the amount, and it’s done — all inside the chat window.
This is more than messaging.
This is social finance, powered by Binance.
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بعد أسابيع من اللون الأحمر العميق، أخيرًا أضاء $OGUSDT بالأخضر - بزيادة +45% إلى $1.53.
إنها تلك الحركة التي تجعلك تقول: "لو كنت قد احتفظت لفترة أطول ..." 😩
📉 هبوط بأكثر من 50% في آخر 30 يومًا،
📈 ثم فجأة هذا - شمعة توقظ الرسم البياني بأكمله.
بعض الناس يسميها ارتداداً مريحاً، بينما يرى آخرون أنها بداية عودة.
سواء كان ذلك - فإنه يذكرنا بأن العملات المشفرة تعاقب على عدم الصبر وتكافئ الناجين.
هل ستقوم بالاستثمار في هذا الاختراق أم ستختصر الضجة؟ 🤔
#OGUSDT #cryptotrading #BİNANCEFUTURES #BinanceSquare #TradingLessons