South Korean exchange Bithumb discovers $200 million in idle assets across 2.6 million dormant accounts. Some accounts saw gains exceeding 61,000%, highlighting early adopters who never returned. The recovery effort targets users inactive for over a year, with the largest balance reaching $2.84 million after nearly 12 years.
The initiative aims to notify and assist eligible customers in account recovery. Dormant assets totaled $201.8 million, with some untouched for over a decade. Forgotten balances outperformed Bitcoin, emphasizing the impact of early exposure and long-term inactivity in the crypto market’s early days.
Bithumb’s recovery campaign reflects the platform’s age and market growth. Dormant balances could re-enter circulation in future market cycles, impacting supply. The exchange plans to notify users directly, positioning the effort as part of its customer protection measures in the industry.
Read more at Yahoo Finance: Bithumb Finds Over $200M in Dormant Crypto Across 2.6M Accounts
