Bithumb found 200 million dollars in forgotten accounts.

Bithumb, one of the leading cryptocurrency exchanges in South Korea, made an important announcement. In the statement, it was noted that there are a total of approximately 200 million dollars worth of crypto assets found in accounts that have been inactive for years. Bithumb detected a total of 291.6 billion won worth of idle assets in 2.6 million accounts as part of its comprehensive recovery effort. This amount corresponds to approximately 201.8 million dollars based on the current exchange rate.

It is particularly noteworthy that some accounts have not been active for more than 10 years and have not conducted any transactions. According to information from the exchange, this campaign targets users who have not logged in or conducted any transactions in the past year. Among the reviewed accounts, the one with the highest balance was measured to be approximately 2.84 million dollars. The account that has been inactive for the longest period has been 4,380 days, meaning it has not been active for almost 12 years.

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

Bithumb also added that it will provide support in the account recovery process by sending direct notifications to the rightful users. In a similar previous campaign, 36,000 users recovered a total of 50 million dollars worth of their assets. Experts point out that such idle balances can create a potential hidden supply in the market. Even a small portion of these assets being offered for sale could significantly impact prices, especially in markets with low liquidity. This situation once again highlights that a substantial amount of capital from the early days of cryptocurrency is still silently waiting in exchange ledgers.