Bithumb: Dormant accounts on the platform hold over $200 million in crypto assets, planning to notify customers and assist in account recovery

The South Korean cryptocurrency exchange Bithumb has discovered that over $200 million in customer assets are dormant among approximately 2.6 million accounts on the platform. This disclosure is part of the exchange's initiative to recover dormant assets for users who have not logged in or traded for over a year.

Bithumb stated that the total balance of inactive accounts amounts to approximately 291.6 billion won (about $201.8 million), with some marked accounts having been dormant for over ten years. The largest single dormant position is valued at about $2.84 million, with the longest dormancy period reaching 4,380 days (nearly 12 years), and some inactive holdings have seen returns exceeding 61,000% (about 610 times). These figures point to participants who entered the crypto space during the early market boom but have since not returned.

Bithumb plans to directly notify eligible customers and assist in account recovery, positioning this initiative as part of a broader customer protection effort, including helping users rediscover assets they may have forgotten.