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The $44 Billion Ledger Glitch: Bithumb’s "Ghost BTC" Incident Exposes the Fragility of Centralized Custody
On February 6, 2026, the South Korean exchange Bithumb inadvertently created one of the largest "liquidity mirages" in financial history. During a routine promotional event intended to reward users with 2,000 Korean Won ($1.40), an input error led the system to credit 2,000 BTC ($160M) to 695 individual accounts. This resulted in the sudden appeara...
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