Key Takeaways:
Bithumb mistakenly sent 620,000 BTC on Feb. 6, 2026, creating a massive $44 billion clerical error. The error prompted an FSS inspection of Bithumb to tighten virtual asset protection laws and control rules. Bithumb filed for a provisional seizure of assets to recover 7 BTC currently worth over $472,500 in 2026. Costly Clerical ErrorWhile Bithumb managed to cancel the majority of the transactions within minutes, several users moved quickly to sell the coins or convert them to other assets. This left an unrecovered balance of approximately $8.3 million (12.3 billion won).
“Some customers are refusing to return the funds, arguing that the error was the company’s mistake and therefore the money is theirs to keep,” an industry official noted.
