Bithumb found 200 million dollars in forgotten accounts.

One of South Korea’s leading cryptocurrency exchanges, Bithumb, has made an important announcement. The statement noted that approximately 200 million dollars worth of cryptocurrencies were found in accounts that had been inactive for years. Bithumb identified a total of 291.6 billion won worth of idle assets across 2.6 million accounts as part of its extensive recovery efforts. This amount corresponds to approximately 201.8 million dollars at the current exchange rate.

It is particularly noteworthy that some accounts have not been active for over 10 years and have never conducted any transactions. According to information from the exchange, this campaign targets users who have not logged in or made transactions in the past year. Among the accounts examined, the account with the highest balance was measured at approximately 2.84 million dollars. The longest inactive account has remained dormant for 4,380 days, which is almost 12 years.

The announced data clearly highlights the traces left by individual investors who entered the cryptocurrency market early but gradually fell out of touch. According to Bithumb, a large portion of these accounts was opened during the initial adoption phase of cryptocurrency, and users never returned. Another striking point is the performance of some forgotten assets; certain idle cryptocurrencies recorded increases exceeding 61,000 percent. This ratio is significantly higher than the long-term return of Bitcoin (BTC), which remained at approximately 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 recovered a total of 50 million dollars worth of their assets. Experts warn that such idle balances could create potential hidden supply in the market. Even a small portion of these assets being put up for sale could have significant effects on 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 quietly waiting in the exchange’s books.