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CryptoMedium•14 February 2026•

1 min read

Bithumb Exchange Error Triggers 17% Bitcoin Flash Crash

A dramatic image showing a red downward trend line, a cracked cube with a Bitcoin symbol, and 'SYSTEM FAILURE -99%'. Debris, circuit boards, and broken crypto coins are scattered.

A data input error at South Korea's Bithumb exchange triggered a 17% flash crash in Bitcoin's price. The incident occurred on February 6 during the execution of a promotional campaign involving small cash reward payouts. The technical error was misinterpreted by the market as a significant sell signal, triggering automated and panic selling among traders. This event exposed a critical gap between the high-speed nature of cryptocurrency movements and the slower back-office systems of centralized exchanges. The flash crash highlights the persistent operational risks within digital asset trading infrastructure. While the price dislocation was brief, it raises concerns about platform stability in high-velocity trading environments.