Traders walked into a “free Bitcoin” trap on Bithumb and it triggered a 17% flash drop

One input mistake at South Korea’s Bithumb turned a routine promo payout into a $44 billion disaster for a simple reason: crypto moves at internet speed, but many exchanges still run on back-office...

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Traders walked into a “free Bitcoin” trap on Bithumb and it triggered a 17% flash drop

Source: CryptoSlate

One input mistake at South Korea’s Bithumb turned a routine promo payout into a $44 billion disaster for a simple reason: crypto moves at internet speed, but many exchanges still run on back-office habits built for slower systems. On Feb. 6, Bithumb meant to hand out tiny cash rewards as part of a promotion, about […]