Apart from those affected, users who were active during the incident will also receive $15 compensation.
South Korean crypto exchange Bithumb announced today it will fully compensate customers affected by an incident in which 620,000 Bitcoin worth over $40 billion was mistakenly distributed to 695 users during an event reward payment.
The error occurred on February 6 when an input mistake during the reward process led to the massive overpayment. Bithumb said it detected the issue within 20 minutes and blocked all transactions and withdrawals.
Bithumb recovered nearly all of the overpaid Bitcoin, amounting to 618,212 BTC or 99.7% of the total. In addition, 93% of the assets that recipients had already sold have been reclaimed, with no coins sent outside the platform.
“We sincerely apologize for the confusion and inconvenience caused to our customers due to the overpayment inciden