Bithumb faces possible six-month partial suspension in South Korea

In recent developments, crypto exchange Bithumb risks a partial business suspension for negligence around money laundering and customer verification practices, according to local media reports. Looking closer, market participants highlight…

Bithumb $43 Billion Bitcoin Blunder Triggers Political Backlash In South Korea

In recent developments, south Korean lawmakers are ramping up pressure on financial regulators after a system failure at Bithumb, the country’s largest cryptocurrency exchange, led to the accidental distribution of…

South Korean authorities under fire over $43B Bithumb Bitcoin error

In recent developments, lawmakers criticize South Korea’s Financial Services Commission after Bithumb mistakenly credited 620,000 BTC and the probe faces delays. Looking closer, market participants highlight key drivers such as…

Bithumb’s Bitcoin Blunder Puts Burden on Users as Legal Case Favors Civil R…

In recent developments, legal experts say civil claims offer Bithumb the clearest route to recovering Bitcoin mistakenly distributed in a $43 billion error. Looking closer, market participants highlight key drivers…

South Korea probes Bithumb after $43B ‘phantom’ Bitcoin payout

In recent developments, south Korean authorities launched an investigation into Bithumb after it mistakenly credited 620,000 BTC to users, adding to concerns about “paper Bitcoin” and internal controls. Looking closer,…

South Korea’s Bithumb Exchange Accidentally Sends $44 Billion in Bitcoin to…

In recent developments, south Korean cryptocurrency exchange Bithumb mistakenly distributed approximately 620,000 bitcoins, worth around $44 billion, to 695 customers during a promotional event. The company quickly acted to restrict…

Bithumb claws back 99.7% of overpaid Bitcoin, covers remaining shortfall

In recent developments, bithumb says it has reclaimed most of the excess BTC credited during a promotional error and used company funds to cover 1,788 Bitcoin that had already been…

Bithumb flags $200M in dormant crypto assets across 2.6M inactive accounts

In recent developments, millions of long-inactive users still hold crypto at Bithumb, highlighting how early retail capital can remain untouched for years. Looking closer, market participants highlight key drivers such…