South Korean exchange Bithumb uncovers over $200 million in dormant assets
South Korean cryptocurrency exchange Bithumb has identified about 2.6 million inactive accounts that have been unused for over a year. These accounts hold approximately $201.8 million in dormant funds.
Source Yahoo Finance
The largest balance reaches $2.84 million, while one account has remained inactive for nearly 12 years. The company notes that many of these assets were acquired during early market stages, with some accounts yielding profits up to 60,000%. The exchange intends to assist users in regaining access to their forgotten funds.
This discovery could lead to a broad initiative to reconnect with inactive account holders, potentially unlocking significant cryptocurrency volumes in the market and enhancing the platform’s liquidity.
