Bithumb's "440 Billion Dollar Typo"
Brothers, can you believe it? A guy from a Korean exchange almost became the "richest person in the world"!
An employee at Bithumb mistakenly typed "2000 Korean Won" as "2000 Bitcoins" while sending out activity rewards! They ended up issuing 620,000 Bitcoins, worth a total of 44 billion dollars!
The ridiculous part is that these coins are actually "phantom coins" on the platform's internal ledger; in reality, Bithumb doesn't have that much inventory at all.
This move directly caused their own platform's BTC to drop by 17%. Although they have now recovered 99.7%, the risks of such a centralized exchange's "internal accounts" really give one chills.
If suddenly 2000 Bitcoins appeared in your account, would you choose to cash out immediately and run, or would you return them to the exchange? Tell me your "crazy move" in the comments! 🎤
