COGNICURRENT

Police have conducted a raid on the headquarters of Bithumb after allegations arose that independent lawmaker Kim Byung-ki facilitated his son's employment at the cryptocurrency exchange.

The Financial Supervisory Service of South Korea has extended an investigation into Bithumb's overpayment of 'ghost coins' until the end of the month due to the possibility of uncovering more cases.

The South Korean government is taking measures to strengthen internal controls at cryptocurrency exchanges following the 'Bithumb Bitcoin over-issuance incident' and downplaying concerns about the impact of virtual asset volatility on financial markets.

The article discusses the contradiction between the intended decentralization of cryptocurrencies like Bitcoin and the centralization observed in virtual asset exchanges.

The Financial Supervisory Service of South Korea has issued a consumer warning about a scam related to compensation for a recent Bitcoin payment issue at the Bithumb exchange.

South Korean cryptocurrency exchange Bithumb accidentally distributed bitcoins amounting to $40 billion due to a technical mishap.

Bithumb's CEO acknowledged that there were two previous instances of overpayments similar to the recent incident involving 620,000 ghost bitcoins.

The Democratic Party of Korea plans to introduce a Digital Asset Basic Law this month in response to the overpayment incident at the cryptocurrency exchange Bithumb, emphasizing the need for fundamental measures to restore trust in virtual assets.

The Financial Supervisory Service in South Korea has escalated its inspection of the cryptocurrency exchange Bithumb to an official investigation due to potential violations of laws and regulations linked to a massive misallocation of cryptocurrency.

Bithumb experienced 64 forced liquidations following an overpayment of Bitcoin worth 60 trillion won, yet its market share unexpectedly increased.

Bithumb accidentally credited users with non-existent bitcoins, resulting in a $44 billion blunder and raising concerns over the safety of cryptocurrency exchanges.

Eun Chan-jin, head of Korea's Financial Supervisory Service, emphasized the need for substantial regulatory improvements in response to the overpayment scandal at Bithumb, one of the nation's largest cryptocurrency exchanges.

There is a potential legal dispute over 13 billion won worth of assets that have not been recovered following a large-scale Bitcoin payment error by the cryptocurrency exchange Bithumb.

In light of the recent 'ghost bitcoin' incident involving Bithumb, Upbit asserts that not all digital asset exchanges are structurally vulnerable, emphasizing their robust safety measures.

A South Korean cryptocurrency exchange mistakenly distributed $40 billion in bitcoins to its users before recovering most of the funds after a brief period.

A technical error on the South Korean cryptocurrency exchange Bithumb led to the accidental distribution of approximately $44 billion worth of Bitcoin to users during a promotional campaign.

A massive financial mishap occurred at Bithumb, South Korea's second-largest virtual asset exchange, where an erroneous payment resulted in the distribution of approximately 60 trillion won in Bitcoin due to a clerical error.

Bithumb, South Korea's second-largest cryptocurrency exchange, mistakenly issued 620,000 'ghost bitcoins' due to an accounting error, leading to a significant drop in market trust and Bitcoin prices.

Bithumb's large-scale Bitcoin payout error bears similarities to Samsung Securities' infamous 'ghost stock' incident from eight years ago.

Political parties in South Korea are criticizing Bithumb for a colossal mistake where they erroneously credited customers with 60 trillion won worth of Bitcoin that they did not possess.

Bithumb, a South Korean cryptocurrency exchange, inadvertently distributed 620,000 bitcoins worth over $60 billion to its users due to a promotional error.

A South Korean company, Bithumb, mistakenly transferred over $40 billion in Bitcoin to users, briefly triggering panic selling on the platform.

A cryptocurrency exchange mistakenly distributed bitcoins worth over $44 billion due to a promotional error, sparking a wave of sell-offs.

Bithumb, a South Korean crypto platform, mistakenly transferred 620,000 Bitcoins worth approximately 37 billion euros to its users instead of a minor promotional amount during a marketing campaign.

A South Korean cryptocurrency exchange mistakenly transferred over $40 billion in bitcoins to its users due to a promotional error, leading to a temporary suspension of operations.

A typo by a crypto employee led to the accidental distribution of over 35 million euros worth of Bitcoin to users of the Bithumb platform in South Korea.

Bithumb, a virtual asset exchange, faces a major fallout from a massive mispayment of Bitcoin that has shaken the trust in cryptocurrency trading.

A technical glitch on South Korean crypto exchange Bithumb mistakenly distributed nearly $44 billion worth of Bitcoin to several users during a promotional event.

Bithumb pledges to compensate customers 110% after a significant over-distribution incident of Bitcoin, triggering a governmental emergency response.

South Korea's Financial Supervisory Service has dispatched an inspection team to Bithumb following a major incident of erroneous Bitcoin overpayment to users.

The South Korean cryptocurrency platform Bithumb inadvertently distributed 620,000 bitcoins to users during a promotional event, with most funds reportedly recovered swiftly by the company.

South Korean cryptocurrency exchange Bithumb accidentally distributed bitcoins worth over $44 billion to users as promotional rewards, resulting in a significant drop in the exchange's value.

In a major operational blunder, South Korean exchange platform Bithumb mistakenly distributed bitcoins valued at approximately $44 billion instead of a planned small monetary bonus to customers.

Bithumb mistakenly distributed 60 trillion won worth of bitcoins during a promotional event and has recovered over 99% of the funds after realizing the error.

Accidentally, Bithumb distributed nearly 500,000 bitcoins to hundreds of users during an event, resulting in a market price drop of over 10%.