South Korean cryptocurrency exchange Bithumb mistakenly transferred 620,000 bitcoins to users — coins worth more than $42 billion at current prices. The incident was caused by human error rather than a cyberattack.
An error costing billions
According to the South Korean newspaper Chosun, the mistake occurred during the distribution of rewards for participation in one of the exchange’s promotional events.
Instead of the South Korean won intended for users, the employee responsible for the payout mistakenly entered bitcoin into the system.
A total of 695 recipients received the cryptocurrency. Bithumb said the incident was an...