tldr; South Korean cryptocurrency exchange Bithumb accidentally distributed over US$44 billion worth of bitcoins to users during a promotional event, instead of small cash rewards. The error affected 695 customers, who received at least 2,000 bitcoins each. Bithumb quickly restricted trading and withdrawals, recovering 99.7% of the bitcoins within 35 minutes. The exchange clarified that the incident was not due to hacking or security breaches, and bitcoin prices briefly slumped before recovering.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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