Bithumb hat den Benutzern 620.000 Bitcoins gutgeschrieben, wobei die Währung fälschlicherweise mit BTC und nicht mit Koreanischem Won (KRW) verwechselt wurde.
Davon wurden 99,7 % der Bitcoins zurückgewonnen und die restlichen 1.788 BTC wurden durch die Barreserven des Unternehmens gedeckt.
Benutzer beeilten sich, Bitcoins zu verkaufen, was dazu führte, dass Bithumb 55.000 US-Dollar pro Bitcoin angab, statt den Preis von 65.000 US-Dollar.
Berichten zufolge sind die Behörden entschlossen, dies als strukturellen Fehler zu betrachten, da Bithumb in der Lage war, Bitcoins aus dem Nichts herzustellen.
Die Frage ist nun: Wenn selbst Bitcoin nicht frei von Preismanipulationen ist, wie können wir dann anderen vertrauen?
One Exchange’s Failure Makes Everyone Pay, The Bithumb Crisis
6 Kommentare
tldr; Bithumb mistakenly credited 620,000 Bitcoins to users instead of 620,000 KRW, causing a sell-off and market disruption. The error led to a temporary Bitcoin price drop on the platform and a loss of 1,788 unrecoverable Bitcoins, which the company covered using its reserves. The incident highlighted a structural flaw, as Bithumb issued ‚fake Bitcoins‘ due to off-chain transactions. Regulators are scrutinizing the issue, raising concerns about exchanges‘ ability to create cryptocurrencies beyond actual circulation.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
„Authorities are reportedly determined to treat this as a structural flaw, as Bithumb was able to manufacture Bitcoins out of thin air.“
How is that possible?
Leave your coins in CEXes -> create a fractional reserve.
Bithumb made a typo in their database and you’re asking if Bitcoin can be trusted? That’s like watching a cashier give you the wrong change and concluding that the US dollar is a scam. The blockchain was fine, it was the exchange that screwed up. These people were credited with database entries, not actual Bitcoin printed out of thin air.. that means the exchange will be forced to buy more to supply those who have been harmed on their platform due to their negligence. No asset class is immune to intermediary risk.
And as always: not your keys, not your coins.
Shows why onchain trading and defi matters, but unfortunately bitcoin by design needs middle men to trade properly.
This post is confusingly written. Need to look at a better source before drawing any conclusions