This is reported by Finway
On February 6, 2026, an anomalous situation occurred on the cryptocurrency exchange Bithumb, leading to a sharp discrepancy in the price of Bitcoin compared to other international platforms. The value of the first cryptocurrency briefly dropped by more than 10% relative to average market indicators, causing significant resonance among traders and investors.
Reasons for the Anomalous Price Drop on the Exchange
Social media links the incident to an employee error at Bithumb, which resulted in some users receiving thousands of Bitcoins in their accounts instead of the planned rewards in Korean won. According to analysts from Lookonchain, an incorrect distribution of assets occurred during an internal operation, which may have led to approximately 2000 BTC being credited to hundreds of clients. Many recipients immediately sold the Bitcoins they received, causing a sharp price drop on the exchange.
“Bitcoin on #Bithumb suddenly fell, trading at 10% lower than other markets. Some users sold them immediately, which caused a rapid price drop.”
Experts note that for a liquid asset like Bitcoin, such deviations are rare and typically occur only due to serious local disruptions or imbalances in supply and demand.
Exchange Response and Market Consequences
Bithumb has not officially confirmed the information regarding the erroneous distribution of Bitcoins and has not disclosed details of the incident or the reasons for the price anomaly. At the time of preparing this material, the exchange had not provided any comments regarding potential errors in the platform’s operations.
Bithumb is one of the largest cryptocurrency exchanges in South Korea, which has faced criticism regarding the reliability of its operational processes and risk management before. Experts emphasize that such incidents can affect the exchange’s reputation and traders’ trust in the future.
It is worth noting that the recent drop in Bitcoin’s price to $60,000 also led to mass liquidations in the cryptocurrency market.