Bitcoin’s price on Bithumb, one of South Korea’s largest crypto exchanges, suddenly dropped 10% below global market prices today, after an exchange employee accidentally distributed 2,000 BTC to hundreds of users during an airdrop, according to Dumpster DAO core member Definalist.
According to the analyst, a staff member tried to distribute 2,000 Korean won (KRW) worth less than $2 as a random box prize but entered BTC by mistake.
Recipients of the erroneous Bitcoin deposits quickly sold the assets at market price, triggering immediate downward pressure on Bithumb’s BTC trading pairs relative to other exchanges.
Bitcoin’s price on Bithumb has rebounded to above $66,000 (KRW 98 million), up from a low of around $56,000 (KRW 82 million).
Source: https://cryptobriefing.com/bitcoin-crash-impact-bithumb/
