South Korea crypto exchange Bithumb says system flaws led to $40 billion error

Bitcoin

SEOUL, Feb 11 : South Korea's Bithumb said on Wednesday that serious flaws had left the crypto exchange's internal system susceptible to potential sabotage and failed to prevent an erroneous transfer of more than $40 billion in assets last week. The country's second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a promotional event, instead of 620,000 won ($426), triggering a 17 per cent slump in bitcoin's price. Bithumb CEO Lee Jae-won

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South Korea crypto exchange Bithumb says system flaws led to $40 billion error https://www.channelnewsasia.com/ - 11.02.2026 09:54

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South Korea crypto exchange Bithumb says system flaws led to $40 billion error https://www.channelnewsasia.com/ - 11.02.2026 09:54