What if you received 2000 BTC?

[Ayers]

Even if you received 2000 BTC due to mistake, it means nothing. That money will never escape the exchange and few hours later everything will be rolled back.

According to the report the fund is 99.7% recovered. There are probably some people who took the funds out very early and the exchange was unable to recover but it could be a future lawsuit.

There is honestly bigger question here, how a CEX could credit bitcoin to their users that easily? did their bitcoins can be created out of thin air in their internal ledger? That's much better question to ask.

The bigger question is whether this story is true, and whether they actually sent a large amount of bitcoin to users by mistake? Or is it all just a PR stunt to attract attention from the community, or simply to show off?

I wonder how an exchange employee could have accessed such a large amount of bitcoin, and how they could have made such a serious mistake? Because 2000 BTC is completely different from 2000won. Personally, I do not believe stories like this.

[KiaKia]

If anyone sells the bitcoin very early they will be able to withdraw, but everything will be in vain because this is a centralised exchange, you need KYC to even withdraw from the exchange.

The next thing the user who withdrawn successfully will see is threat, legal threat if they don't refund the exchange, and that battle is left for the customer if he will have to surrender or not.

Honestly speaking this is not something you can get away with, unless the person have not passed KYC verification on the exchange in the past, if not they will have to return the Bitcoin.

[Kuchuku]

Bitcoin really isn’t doing very well these days but could this mistake be one of the reasons why it was dragged down even further?

Bithumb, one of South Korea's crypto exchanges, said Saturday it has recovered almost all of the 620,000 bitcoins mistakenly sent to users.

According to Bithumb, it had mistakenly sent 620,000 bitcoins to 249 users who participated in a promotional event around 7 p.m. on Friday, which translated into an average of 2,490 bitcoins worth 244 billion won (US$166 million) to a single user.

An employee mistakenly put BTC instead of KRW (korean won) and sent the money. They halted the activities of the users immediately. Can you just imagine if you were one of the users who randomly received that amount of bitcoin?

I think the exchange hack could have affected the market. But this incident was not beyond the exchange's control. Their account was hacked so that they could not withdraw Bitcoin. Usually, the market showed bad processes due to the carelessness of Bithumb employees. Crypto exchange users basically got nothing from this. If I had received 2000 BTC legally, I would have solved all my problems with this money first. There are many things that money cannot solve. I have never received a large amount of Bitcoin in my wallet, maybe I am not that lucky.

[Ishicryptic]

This is a typical example of 'not your keys not your coins' because the centralized exchange has a total control of the coins in their custody, this is why Bithump, was able to freeze the accounts that they mistakenly sent Bitcoin to. If it were none custodial wallets that received the coins they won't have the access to freeze the funds whether they mistakenly credited or they suspect it.

If I see 2000 BTC in my exchange account and I'm not expecting such amount of coins from anywhere I won't jump up in excitement because it is in a centralized platform which a management controls. I will expect my account to be frozen and the coins be moved and that was what happened in the case of Bithump. Considering whether the news has any impact on Bitcoin price, I don't think so because the incident was contained almost immediately by the exchange

[jcojci]

I don't know if that is true or not but I will return the amounts. I can't let myself gets into trouble using that BTC. They can easily tracks me down and doing something to me.

Without doing anything to our account will give them fully investigate and take again that BTC.

But Bithumb should appreciate those members who don't use that chance for members benefit

I don't know if that case made Bitcoin drops. There is another reason why that could happens.

[summonerrk]

Bitcoin really isn’t doing very well these days but could this mistake be one of the reasons why it was dragged down even further?

Bithumb, one of South Korea's crypto exchanges, said Saturday it has recovered almost all of the 620,000 bitcoins mistakenly sent to users.

According to Bithumb, it had mistakenly sent 620,000 bitcoins to 249 users who participated in a promotional event around 7 p.m. on Friday, which translated into an average of 2,490 bitcoins worth 244 billion won (US$166 million) to a single user.

An employee mistakenly put BTC instead of KRW (korean won) and sent the money. They halted the activities of the users immediately. Can you just imagine if you were one of the users who randomly received that amount of bitcoin?

When these guys received 2,000 bitcoins instead of tokens in their accounts, their accounts were immediately frozen and they could no longer do anything with this huge amount of money, which, if I'm not mistaken, equals 135 million dollars, and this is also due to the fact that Bitcoin fell by half.
And the exchange employee who transferred the BTS to them should thank God that they didn't have time to spend that money, because he would never have been able to bring the exchange that much money, even if he worked for it for free his whole life.
But overall, I think this will be a very "funny" entry in his work record. And now he won't be able to find work anywhere in this field.