Bithumb exchange acknowledged that a temporary abnormal fluctuation in Bitcoin price was caused by an error in the distribution of activities

Bithumb exchange announced today that it acknowledged an error in the distribution of activity rewards, which led to some users receiving an abnormal amount of Bitcoin. These users subsequently sold off their holdings, causing a sharp fluctuation in Bitcoin prices in a short period. The exchange's internal control system quickly identified and restricted the trading of the relevant accounts, and the market price returned to normal levels within 5 minutes. Bithumb emphasized that this incident is unrelated to external hacking attacks, and customer asset security has not been affected, with trading and deposit/withdrawal functions operating normally. The exchange has committed to handling subsequent matters transparently to ensure that customer rights are not compromised.