Korea Joongang Daily
Korea JoongAng Daily

Financial watchdog moves to fully investigate Bithumb after Bitcoin mishap

Financial regulators have escalated their response to Bithumb's massive erroneous Bitcoin payout worth 62 trillion won ($43 billion), shifting from an on-site inspection to a full formal investigation.

2026-02-10

Was there even a crime here? Bithumb mulls legal options to recover Bitcoin after $40B blunder.

Can Korea's second-largest cryptocurrency exchange press criminal charges or file civil suits against users who happened upon the wrongly received windfall and force them to return assets that remain unrecovered?

2026-02-09

Bithumb’s Bitcoin blooper exposes structural weakness at crypto exchanges: FSS chief

Bithumb’s recent erroneous transfer of more than $40 billion worth of bitcoins exposed the structural problems in virtual asset systems.

2026-02-09

Bithumb mistakenly records 620,000 bitcoin token payout, exposes internal structural flaws

An unprecedented error at cryptocurrency exchange Bithumb led to the mistaken payout of 620,000 Bitcoins, exposing serious structural flaws in the exchange’s internal controls that were triggered by an employee's erroneous input.

2026-02-08

Bithumb recovers most of 620,000 Bitcoins erroneously sent in promotion

Bithumb, one of Korea's crypto exchanges, said Saturday it has recovered almost all of the 620,000 Bitcoins mistakenly sent to users, which briefly dragged down the token's price.

2026-02-08

Crypto exchange Bithumb mistakenly hands out $195M in Bitcoin to users in 'Random Box' giveaway

Bithumb, Korea's second-largest cryptocurrency exchange, mistakenly credited users with Bitcoin worth approximately 260 billion won ($195 million), instead of the modest number of reward points or Bitcoin that it had intended to distribute.

2026-02-07

Bitcoin price drops below $67,000, marking lowest level since Trump’s election

The price of bitcoin continued its monthslong slide Thursday, falling another 11 percent to $67,000, and is now worth less than it was when U.S. President Donald Trump was elected into his second term of office.

2026-02-06

Crypto market volatility triggers $2.5 billion in bitcoin liquidations

Bitcoin investors liquidated $2.56 billion in recent days, according to data provider CoinGlass, as cryptocurrencies slumped following a sell-off in other risk assets, including equities and precious metals.

2026-02-03

Prosecutors launch internal investigation after losing 320 seized Bitcoins worth $28.8 million

Prosecutors have launched an internal investigation after losing 320 Bitcoins valued at approximately 41.6 billion won ($28.8 million), which had been seized as criminal assets.

2026-01-27

As Korea eases into digital assets, this financial firm is ready to make the first move

Korea's reputation as a deserted island for digital assets is about to face a seismic shift with loosened regulations, and Mirae Asset is ready to take the lead based on extensive experience overseas.

2026-01-26