One of the biggest South Korean crypto exchanges on its $40 billion 'mistake': 'We would like to make it clear that...'
South Korean crypto exchange Bithumb mistakenly sent over $40 billion in Bitcoin to customers as rewards, causing a massive sell-off. While 99.7% of the funds were recovered, the exchange will compensate affected users for losses due to panic selling. Regulators are now scrutinizing crypto exchanges for vulnerabilities.
South Korean crypto exchange Bithumb mistakenly sent over $40 billion in Bitcoin to customers as rewards, causing a massive sell-off. While 99.7% of the funds were recovered, the exchange will compensate affected users for losses due to panic selling. Regulators are now scrutinizing crypto exchanges for vulnerabilities.
