Bithumb corrects an internal payout error that caused sharp price fluctuations after mistakenly crediting an “abnormal amount” of Bitcoin to some user accounts during a promotional event. The incident did not result in losses to customer assets and trading operations are normal, with customer funds safely managed.

Following the payout error, Bithumb disclosed roughly $200 million in dormant customer assets spread across inactive accounts, part of a recovery campaign. The exchange currently holds a trust score of 7 out of 10 and reported $2.2 billion in 24-hour trading volume according to CoinGecko at the time of writing.

Centralized cryptocurrency exchanges face operational challenges, with Coinbase reducing unnecessary account freezes by 82% after acknowledging user complaints about restrictions during market stress. Binance also faced user complaints during a market sell-off, attributing liquidations to broader market conditions and distributing $728 million in compensation to affected users.

Read more at Cointelegraph: Bithumb Corrects Payout Error After Abnormal Bitcoin Trades