Bithumb Launches Campaign to Find Dormant Crypto Owners
The South Korean crypto exchange Bithumb is on a mission to locate the owners of $206 million worth of dormant coins, including Bitcoin (BTC), Ethereum (ETH), and XRP. The exchange has identified several users who have not logged into their accounts for many years, with one account remaining inactive for over nine years. Bithumb classifies “dormant wallets” as accounts that have not been accessed in at least a year over a 10-year period. The exchange has launched a “Find Dormant Assets” service on its website to help users reclaim their lost virtual assets.
Reuniting Crypto Owners with their Lost Assets
A spokesperson from Bithumb stated that the purpose of the campaign is to reunite people with their dormant assets. The exchange encourages users to take advantage of this opportunity and actively check on their virtual assets. Bithumb has seen a recent surge in trading activity due to the revived global crypto market. The platform aims to regain its position as the nation’s market leader by removing commission fees and plans to launch on the KOSDAQ exchange in 2025, despite ongoing legal issues involving its alleged secret owner.
Hot Take: South Korean Exchange Searches for ‘Lost’ Crypto Owners
Bithumb’s initiative to find dormant crypto owners highlights the importance of regularly accessing and managing your digital assets. With millions of customers and a decade-long history, Bithumb has accumulated a significant amount of dormant assets on its platform. By offering a dedicated service to help users locate and reclaim their lost coins, Bithumb aims to provide a valuable solution for those who may have forgotten about or lost access to their digital wealth. This campaign also underscores the need for increased awareness and education surrounding crypto ownership and security measures.
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