Latest / The Paul Truesdell Podcast
Gone in 30 Minutes
Oops. $40 Billion in Bitcoin—Gone in 30 Minutes.
By Paul Truesdell, JD, AIF, CLU, ChFC, RFC
If you ever needed a reason to be skeptical about cryptocurrency, South Korea just handed you one wrapped in a bow. Bithumb, the country’s second-largest crypto exchange, accidentally gave away 620,000 bitcoins—valued at more than $40 billion—because a staffer made an input error during a rinky-dink promotional giveaway. The total prize pot was supposed to be about $425. Four hundred and twenty-five dollars. Instead, one lucky winner who was supposed to get enough for a cheap cup of coffee walked…
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