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A South Korean cryptocurrency exchange has apologised after mistakenly transferring more than $60 billion worth of bitcoin to users, which briefly prompted a sell-off on the platform. #GoogleDocsMagic
Bithumb said it accidentally sent 620,000 bitcoins, currently worth more than $60 billion, and blocked trading and withdrawals for the 695 affected users within 35 minutes after the error occurred on Friday.
According to local reports, Bithumb was meant to send about 2,000 won ($1.95) to each customer as part of a promotion, but mistakenly transferred roughly 2,000 bitcoins per user.
$BTC "We sincerely apologise for the inconvenience caused to our customers due to the confusion that occurred during the distribution process of this [promotional] event," Bithumb said in a statement.
The platform said it had recovered 99.7 per cent of the mistakenly sent bitcoins, and that it would use its own assets to fully cover the amount that was lost in the incident.
It admitted the error briefly caused "sharp volatility" in bitcoin prices on the platform as some recipients sold the tokens, adding that it brought the situation under control within five minutes.
Its charts showed the token's prices briefly went down 17 per cent to 81.1 million won on the platform late Friday.
In a separate statement released later on Saturday, Bithumb said some trades were executed at unfavourable prices for users due to a price drop during the incident, including "panic selling".
The platform said it would compensate affected customers, covering the full price difference as well as a 10 per cent bonus.
It estimated losses at about 1 billion won ($976,579).
The platform earlier stressed that the incident was "unrelated to external hacking or security breaches".
Bitcoin, the world's biggest cryptocurrency, sank this week, wiping out gains sparked by US President Donald Trump's election victory in November 2024.
$BNB $USDC

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What Really Happened

About 183 million email+password combinations were added to the Have I Been Pwned (HIBP) database.

The data comes not from a Google server breach, but from infostealer malware — malicious software that infects devices and steals login details locally.

The leak includes plaintext passwords, along with the website URL, email address, and the password.

In a sample of ~94,000 records, 92% of them were already known from prior leaks.

But around 16.4 million credentials in the dataset are new — they haven’t appeared in public breaches before.

Some users confirmed that the exposed passwords still worked for their Gmail accounts.



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What Google Says

Google denies a “Gmail breach”: they say their infrastructure wasn’t hacked.

According to Google, the leak comes from malware-infected devices — not from Google’s own servers.

Google recommends:

1. Turn on 2-Step Verification (2FA)


2. Use passkeys instead of passwords for stronger security.


3. Reset your password if it appears in large leaked credential dumps.





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Why This Matters

Because many people reuse passwords, attackers could use these leaked credentials in credential stuffing attacks (trying the same password on many sites).

Infostealer malware is especially dangerous: it bypasses traditional organizational defenses by stealing directly from user devices.

Even if most credentials are “old,” the newly leaked ones (16.4M) represent fresh risk.

Long-term threat: these credentials can be exploited for a long time, especially if users don’t improve their security practices.



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✅ What You Should Do (If You're a Gmail User)

1. Check Have I Been Pwned (HIBP) to see if your email appears in the leak.


2. If your credentials are exposed, change your password, especially if you’re reusing it on other sites.


3. Enable 2-Factor Authentication (2FA) — this adds a crucial extra layer of protection.


4. Use a password manager to generate and store strong, unique passwords.


5. Keep your device clean: use antivirus / anti-malware, avoid installing suspicious software, and update your system regularly.




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Bottom Line

This is not a Gmail server hack — but a massive credential dump collected via malware from users’ devices.

The scale is worrying (183M!), but most of the data is recycled. Still, the newly exposed credentials are a real threat.

The incident highlights how important good password hygiene and strong authentication (2FA / passkeys) are in today’s threat landscape.
#GoogleDocsMagic #SecurityAlert

China vows to denounce US at WTO after 10% tariff imposed by Trump
Beijing calls additional 10% tariff on Chinese imports a 'serious violation' of trade rules#AltcoinRevolution2028
China has vowed to retaliate against the United States after President Donald Trump signed an executive order on Saturday (1st) imposing an additional 10% tariff on imports from the world's second-largest economy.#GoogleDocsMagic
In a statement released on Sunday (2), China's Commerce Ministry promised to file a "complaint" against the US at the World Trade Organization (WTO), condemning the blanket tariff as a "serious violation" of international trade rules. Beijing said it "will take corresponding countermeasures to firmly defend its own rights and interests", without going into details.