South Korean exchange Bithumb disclosed that over $200 million in assets were dormant in approximately 2.6 million accounts.

PANews reported on January 2nd that, according to Financefeeds, South Korean cryptocurrency exchange Bithumb disclosed that approximately 2.6 million accounts hold dormant customer assets worth about 291.6 billion won (approximately US$201.8 million). This disclosure stems from Bithumb's dormant asset retrieval campaign targeting users who have not logged in or traded for over a year. Some of the flagged accounts have even remained inactive for over a decade.

Bithumb stated that the largest single dormant account was worth approximately $2.84 million, while the longest dormant period lasted 4,380 days, nearly 12 years. These figures indicate that some early participants who entered the cryptocurrency market during its initial surge never returned. Bithumb plans to directly notify eligible customers and assist them in recovering their accounts.