❌ Yesterday's Bithumb BTC mass overdraft incident was a huge hit. It was so hot that it even ranked first in the Natepan news section. Let's recap the issue. 📸 Key Details 1. Incident Overview 1) Event Reward Error - Event to pay out 2,000 to 50,000 KRW → Unit input error: "BTC" instead of "KRW" 2) Approximately 2,000 BTC per person - Approximately 196 billion KRW per person based on the market price at the time 2. Damage (Incorrect Payment) - Random Box Purchasers: 695 - Actual Openers: Approximately 240 - Total Incorrect Payments: Approximately 620,000 BTC - Total Incorrect Payment Amount: Tens of Trillions of KRW 3. Response Timeline - Event held on February 6th at 7:00 PM - Error recognized approximately 20 minutes later - Trading and withdrawals immediately blocked at 7:35 PM 4. Recovery Status - 99.7% (618,212 BTC) recovered - Approximately 93% of the 1,788 BTC already sold - No BTC was transferred to external wallets - Uncollected funds will be held in the company's assets. 5. Market Impact - Bithumb's BTC price temporarily plummeted from 98 million won to 81.11 million won - Price normalized within 5 minutes - No domino liquidations occurred ✏️ Bithumb's Official Statement - No hacking or security breach (simple internal input error) - No issues with customer asset management or security systems - Quarterly asset audits conducted by an external accounting firm - "We will take responsibility to ensure that not a single customer is harmed." * Follow-up Measures - Financial authorities have initiated an on-site inspection, considering the severity of the incident. - A comprehensive investigation into the circumstances of the incident and internal control systems is planned. I thought this was a hot topic only for us... but it turns out it wasn't. Thanks to this issue, I was able to scoop up some Bitcoin at a low price, but further investigations are ongoing, and we'll have to wait and see what happens next. We'll share more news as it becomes available!