Bithumb Accidentally Transfers 620,000 BTC Worth €37 Billion to Users

South Korean cryptocurrency exchange Bithumb has committed a massive operational blunder by accidentally transferring 620,000 Bitcoins to its clients' accounts. The incident, which occurred on Saturday, February 14, 2026, involves assets valued at approximately €37 billion, marking one of the largest errors in the industry's history. This unprecedented transfer represents a significant portion of the total Bitcoin supply, raising immediate concerns over market stability and extreme sell-side pressure. Analysts warn that if users attempt to liquidate these funds, it could lead to a catastrophic crash in BTC prices and heightened volatility. Furthermore, the scale of the error poses a severe insolvency risk to Bithumb, potentially triggering a broader crisis within the digital asset ecosystem. The exchange has yet to provide specific technical details regarding the cause of this massive distribution error.