Tag: Blunder

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South Korean Lawmakers Slam Regulators Over Bithumb’s $43 Billion Bitcoin Blunder

In brief Lawmakers in South Korea are intensifying scrutiny on financial regulators that missed a structural issue that led to $43 billion in Bitcoin being...

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

In brief Lawyers say unjust-enrichment law favours Bithumb, but outcomes may hinge on whether users knew, or should have known, the payouts were a mistake. Prosecutors...

$44B BTC blunder puts South Korea regulators on alert

South Korea’s top financial watchdog is stepping up oversight of crypto markets days after a local exchange mistakenly distributed billions of dollars worth of...

Bithumb Bitcoin Blunder Sends $44 Billion To Users

South Korean crypto exchange Bithumb said it mistakenly distributed more than $40 billion worth of Bitcoin to customers during a promotional rewards...