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South Korean cryptocurrency exchange Bithumb ran into a major operational problem on February 6, 2026, which quickly caused the BTC/KRW trading pair to drop by double digits.
This is reminiscent of previous stock market controversies, including incidents of partial liability in data leaks.
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Bithumb’s accidental drop of $2,000 BTC triggered a 10% BTC collapse on the exchange
According to reports, an employee accidentally sent 2,000 Bitcoin (BTC) to hundreds of users instead of the expected reward of 2,000. Korean Won (KRW).
This error led to an immediate wave of sales, which prompted… Bitcoin price In the stock market at more than 10% less than global market prices.
Dumpster DAO core member Devinalist first reported the incident, citing By plane My routine was a small incentive for the users of the platform.
Amidst the chaos, some users profited greatly from the bug, selling their won Bitcoin at market prices.
The accidental distribution of Bitcoin has raised questions about internal controls and risk management at cryptocurrency exchanges, especially those dealing with high-value digital assets.
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“It’s crazy to think that exchanges can still trade paper like this, even in 2026 haha,” Comment finalist
However, it is worth noting that the collapse of the price of Bitcoin has been largely limited to Bithumb due to … Isolated order book To the stock market. Users sold huge amounts of Bitcoin directly on BitHump, exceeding their liquidity and causing a local drop of 10%.
Other exchanges were not affected because the selling pressure did not enter their markets, and they did not rise Arbitration mechanisms Global then adjust the difference keeping the effect largely limited.
However, the incident highlights operational risks that can persist even at major exchanges, despite years of industry maturation. It also shows how a simple input error can lead to major market disruption.
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Bithumb did not immediately respond to BeInCrypto’s request for comment and has not yet issued an official public statement regarding the corrective actions.
However, the event can affect market confidence in the short term, especially in exchanges where operational errors have immediate price consequences.
Operating history and institutional changes pose ongoing risks to Beethumb
Bithumb itself has a risky history with security and operational issues. In 2017, he revealed Data breach Regarding customer information, and in a decision issued in 2020, reported Local media reported that the exchange was found partially responsible in a case in which a user lost $27,200.
The court ruled that, despite access to the Bithumb database, the plaintiffs should have Recognition of fraud attempts He awarded him only $5,000 in damages.
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The other claims were dismissed because the court found that private information could be obtained elsewhere.
Beethumb has also seen major corporate changes in recent years. In 2018, the exchange sold a 50% stake to BK Global Consortium, a group led by emerging investor Kim Byung-gun, who was already the company’s fifth largest shareholder.
This acquisition came amid a broader contraction in cryptocurrency sector investments. Second For research Global FinTech Global Investments in cryptocurrencies peaked at $7.62 billion in 2018 before falling to $3.11 billion in 2019. In the first half of 2020 alone, the sector raised only $578.2 million.
This latest incident adds to Bithumb’s long history of operational challenges, reinforcing the view that while cryptocurrency adoption is growing, the sector remains vulnerable to human and technical errors, even on major exchanges.
