As of the end of the third quarter of 2025 (around September

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As of the end of the third quarter of 2025 (around September 2025), Bithumb is estimated to have approximately 42,619 BTC in custody or held.
https://www.coinlive.com/news/outrageous-operation-ceiling-bithumb-creates-620-000-btc-out-of-thin
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​However, 620,000 BTC were mistakenly sent out to 695 people.
62-4.2, where did the difference in BTC come from?
Answer: It was created out of thin air on the exchange's backend ledger.
Isn't this just data manipulation?
In principle and practice, exchanges can manipulate data; one mistake or intentional act can lead to infinite issuance, potentially destroying any token listed on this exchange, including BTC.
#Bithumb  

律动BlockBeats

Bithumb's Mistaken Airdrop of 620,000 'Phantom Balance' Bitcoins Sparks Heated Discussion in the Community, Actual Platform Reserves May Only Be 42,000

BlockBeats news, on February 7, the second largest cryptocurrency exchange in Korea, Bithumb, mistakenly airdropped a total of 620,000 bitcoins (accounting for 2.95% of BTC's total supply) to 695 customers yesterday due to staff errors. Although the platform has almost completely recovered the losses afterward (only 0.3% remains), the behavior of the platform to over-airdrop 620,000 bitcoins has still sparked heated discussions in the community about 'phantom balances on CEX.'

It is reported that Bithumb has not directly disclosed the detailed amount of BTC reserves or the complete PoR on-chain proof. However, South Korean media MK.co.kr previously reported that as of the end of the third quarter of last year, Bithumb was holding and safeguarding 42,619 bitcoins. Even if the subsequent bitcoin reserves have increased, they are still far from the amount of 620,000.

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}As of the end of the third quarter of 2025 (around September 2025), Bithumb is estimated to have approximately 42,619 BTC in custody or held.

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As of the end of the third quarter of 2025 (around September 2025), Bithumb is estimated to have approximately 42,619 BTC in custody or held.