South Korea Intensifies Probe into Bithumb After $43 Billion Bitcoin Fat-Finger Fiasco
South Korea’s Financial Supervisory Service has escalated its inspection of Bithumb into a comprehensive probe following a $43 billion Bitcoin distribution error on February 6. The incident exposed critical flaws in the exchange’s internal controls, allowing the disbursement of 620,000 BTC despite holding only around 46,000 BTC. Bithumb recovered 99.7% of the misdistributed assets and plans to compensate affected users at 110%...
