Bithumb Found 200 Million Dollars in Forgotten Accounts.

One of South Korea’s leading cryptocurrency exchanges, Bithumb, has made an important announcement. In the statement, it was noted that approximately 200 million dollars worth of cryptocurrency assets were found in accounts that have been inactive for years. Through a comprehensive recovery effort, Bithumb identified a total of 291.6 billion won worth of idle assets in 2.6 million accounts. This amount corresponds to approximately 201.8 million dollars at the current exchange rate.

It is particularly noteworthy that some accounts have been inactive for over 10 years and have not performed any transactions. According to information from the exchange, this campaign targets users who have not logged in or conducted any transactions in the last year. Among the accounts reviewed, the one with the highest balance was found to be worth approximately 2.84 million dollars. The account that has been inactive for the longest time has been dormant for 4,380 days, which is almost 12 years.

The disclosed data clearly highlights the traces left by individual investors who entered the crypto market early but gradually fell out of touch with it. According to Bithumb, a large portion of these accounts were opened during the early adoption phase of cryptocurrency, and the users never returned. Another striking point is the performance of some forgotten assets; certain idle cryptocurrency assets recorded increases exceeding 61,000 percent. This rate is significantly above the long-term return of Bitcoin (BTC), which remained around 11,300 percent during the same period.

Bithumb also added that it will provide support in the account recovery process by sending direct notifications to eligible users. In a previous similar campaign, 36,000 users had successfully retrieved assets worth a total of 50 million dollars. Experts point out that such idle balances could constitute a potential hidden supply in the market. Even a small portion of these assets being put up for sale could have significant impacts on prices, especially in markets with low liquidity. This situation once again highlights that a significant amount of capital from the early days of cryptocurrency is still quietly waiting in the exchange's ledgers.