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South Korean crypto firm accidentally sends $44 billion in bitcoin to users

CNBC

South Korean crypto firm accidentally sends $44 billion in bitcoin to users

The move triggered a sharp selloff on the Bithumb exchange. The company apologized for the mistake.

South Korean cryptocurrency exchange Bithumb said on Saturday it had accidentally given away more than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange.

Stacker News

South Korean crypto firm accidentally sends $44 billion in bitcoin to users \ stacker news

South Korean cryptocurrency exchange Bithumb said on Saturday it had accidentally given away more than $40 billion worth of bitcoins to customers a...

Software experiencing 'most exciting moment' as AI fears hammer the stocks

CNBC

Software experiencing 'most exciting moment' as AI fears hammer the stocks

Shares of software companies have been getting beaten up, and the selloff accelerated this week after Anthropic's latest unveiling.

Box CEO Aaron Levie says that in the 20-year history of his cloud software vendor, "this is the most exciting moment we've ever had." Wall Street doesn't see it that way. The stock is down 17% in 2026 after starting the year with its steepest monthly drop since 2023. It's gotten caught up in a software swoon, as investors dump shares of companies that they worry will get displaced by the rise of artificial intelligence agents.

Stacker News

Software experiencing 'most exciting moment' as AI fears hammer the stocks \ stacker news

Box CEO Aaron Levie says that in the 20-year history of his cloud software vendor, "this is the most exciting moment we've ever had." Wall Street d...