Bithumb, South Korea”s largest cryptocurrency exchange, has made an astonishing discovery of dormant funds, unearthing over $201.8 million in forgotten crypto assets. This revelation comes as part of Bithumb”s dedicated recovery campaign aimed at reconnecting users with their long-lost funds.
The exchange reported that it found approximately 291.6 billion won, equating to about $201.8 million, spread across 2.6 million accounts, many of which have been inactive for over a decade. This campaign coincides with the festive “Happy New Year” period, bringing joy to the community upon learning about the revival of these idle assets.
Some of the rediscovered funds have been untouched since the early years of Bithumb, a time when South Korea was just beginning to embrace cryptocurrency. Among the notable findings, one account contained a remarkable $2.84 million, highlighting the significant potential for appreciation of these previously forgotten holdings.
Many of the dormant accounts belong to early adopters who entered the market during previous bull cycles. Over time, interest waned for some individuals, while others merely assumed their holdings were too insignificant to warrant further attention. However, with the substantial price appreciation in the crypto market, these dormant assets have seen extraordinary growth, with some holdings reportedly experiencing increases exceeding 61,000%.
As Bithumb encourages users to reclaim their long-lost assets, this discovery serves as a reminder of the hidden potential within dormant funds. Millions in valuation are quietly resting in inactive accounts, poised for re-entry into the market and possibly influencing future trading dynamics.
