PANews February 8th news, in response to the Bitcoin misdistribution incident, Bithumb has issued an update on the incident response. It has completed the handling of the previous Bitcoin misdistribution incident, having recovered 99.7% of the mistakenly distributed Bitcoin on the same day. The remaining 0.3% of Bitcoin (approximately 1,788 coins) had already been sold, and the company used its own assets to fully replenish the shortfall. As of 22:42:52 on February 7, 2026, Bithumb has fully restored the consistency of its Bitcoin assets to 100%. The main developments of the incident are as follows: 2026-02-06 19:00: Activity reward overpayment occurred 2026-02-06 19:35: Transaction and withdrawal freezing of overpaid accounts began 2026-02-06 19:40: Transaction and withdrawal freezing of overpaid accounts completed, and recovery work began 2026-02-07 00:23: First announcement (incident occurrence and initial measures progress) 2026-02-07 04:30: Second announcement (incident cause and overpaid asset recovery progress) 2026-02-07 13:00: On-site inspection by the Financial Supervisory Service began 2026-02-07 17:33: Third announcement (prevention of recurrence and customer protection compensation plan) 2026-02-07 22:42: The company used its assets to settle all 1,788 sold Bitcoin. In addition, according to the previously announced compensation plan, compensation will be distributed in order starting today. 1) For all customers who were logged into the Bithumb app or website at the time of the incident: 20,000 KRW will be paid. 2) For users who sold Bitcoin at a low price during the incident, 100% of the actual price difference and an additional 10% comfort payment will be compensated. 3) All trading fees will be waived for 7 days (effective from 00:00 on February 9, 2026).
Bithumb Begins Compensation Distribution After Bitcoin Overpayment Incident
PANewsShare
Summary
Bithumb has started distributing compensation following a Bitcoin news incident involving an overpayment. The exchange recovered 99.7% of the mistakenly sent Bitcoin, with the remaining 0.3% (about 1,788 BTC) covered by company funds. All logged-in users will receive 20,000 KRW, while those who sold BTC at a loss get the full price difference plus 10%. From February 9, 2026, traders will enjoy seven days of zero fees. The move comes amid ongoing Bitcoin analysis of exchange security and user trust.
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