'Ghost GDP' and mass unemployment: the apocalyptic predictions of a text about AI that went viral and scared the markets
A viral blog post predicting dire economic consequences due to the rise of AI has led to a significant drop in stocks of several technology companies.
The 'Bithumb Incident' is reminiscent of Samsung Securities' 'Ghost Stocks' case eight years ago... Internal controls and trading systems are expected to come under scrutiny
Bithumb's large-scale Bitcoin payout error bears similarities to Samsung Securities' infamous 'ghost stock' incident from eight years ago.