Bithumb’s $40B Bitcoin Blunder: A Farce of Phantom Fortunes

According to the oracles at CryptoQuant, Bithumb, the second-largest purveyor of cryptographic curiosities in South Korea, boasted a modest hoard of 46,000 BTC prior to this fiscal fandango. Regulatory scrolls reveal that the bulk of these treasures belonged to the faithful depositors, while the exchange itself clutched a mere 200 BTC as of the third quarter of 2025. A pittance, one might say, compared to the Niagara of Bitcoin that cascaded forth in a single, ill-fated transaction.