#Bithumb

4 days ago

South Korea’s FIU has issued a preliminary notice that could restrict Bithumb operations for six months due to AML and customer verification issues.
catenaa.com/markets/cryptocurrencies...
#CryptoPolicy #AML #Bithumb #AsiaMarkets

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BANDAR ALOTAIBI 🇸🇦

@bandr283.bsky.social

5 days ago

واجهت #Bithumb الكورية الجنوبية قراراً بالتعليق المؤقت مع اتخاذ إجراءات انضباطية ضد مديرها التنفيذي، مما يثير تساؤلات حول معايير الامتثال التنظيمي في أسواق #الكريبتو الآسيوية وتأثير ذلك على ثقة المستثمرين المحليين والعالميين. #كوريا #منصات #تداول #رقابة #كريبتو

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Crypto Economy

@cryptoeconomy.bsky.social

5 days ago

⚡ Flash News

⚠️ South Korea regulator probes Bithumb

South Korea’s FIU preliminarily notified Bithumb of a possible six-month partial business suspension over alleged AML and KYC violations according to reports.

#Bithumb #Crypto #Regulation #AML #SouthKorea

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2025lovepeace

@2025lovepeace.bsky.social

2 weeks ago

#Espresso is a decentralized base layer designed to improve the performance, interoperability, and security of $Layer 2 Rollup. #Bithumb, is about to launch $ESP trading pairs for won
www.htx.com/invite/zh-cn...
www.ourbit.com/register?inv...
www.mgbx.com/register/bUW...

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CySecurity News

@cysecuritynews.bsky.social

2 weeks ago

Bithumb Error Sends 620,000 Bitcoins to Users, Triggers Regulatory Scrutiny in South Korea A huge glitch at Bithumb, South Korea’s second-biggest digital currency platform, triggered chaos when users suddenly found themselves holding vast quantities of bitcoin due to a flawed promotion. Instead of issuing minor monetary rewards, a technical oversight allowed 620,000 bitcoins to be wrongly allocated. Regulators quickly stepped in, launching investigations as the scale of the incident became clear. Recovery efforts are now underway for assets exceeding $40 billion, stemming directly from the mishap. Legal pressure mounts on the firm while authorities assess compliance failures. What began as a routine marketing effort has turned into one of the largest operational blunders in crypto trading history. On 6 February, a mistake unfolded amid a promotion meant to give rewards to 695 qualifying users - totaling 620,000 Korean won, about $423. Instead of using local currency, one employee typed in bitcoin by accident; this shifted the reward value dramatically. What should have been small bonuses became 620,000 bitcoins, valued around $42 billion then. Among those who qualified, nearly half accessed their digital boxes before anyone noticed. These 249 people ended up with massive deposits, exceeding the entire crypto balance held by the platform. Bithumb said it fixed many incorrect deposits through adjustments in its internal records. Still, regulators noted approximately 13 billion won - about $9 million - was unaccounted for, lost when certain users moved or cashed out funds prior to detection. During the half-hour span before freezing actions began, 86 individuals allegedly offloaded close to 1,788 bitcoins, sparking temporary shifts in pricing across the site's trading system. Criticism came fast once news broke. "Catastrophic" was the word used by Lee Chan-jin - head of South Korea’s Financial Supervisory Service - to describe what happened to those who offloaded their bitcoin. With prices climbing afterward, people forced to give back holdings might now owe money instead. Not just a one-off error, according to Lee; it revealed deeper flaws in how crypto platforms handle internal ledgers and transaction safeguards. Disagreement persists among legal professionals regarding possible criminal consequences for users who withdrew accidentally deposited bitcoin. Though crypto assets were central to a 2021 South Korean high court decision, their exclusion from the definition of "property" in penal statutes muddies enforcement paths. Instead of pursuing drawn-out lawsuits, Bithumb initiated private talks with around eighty individuals who converted the digital value into local currency, asking repayment in won amounts. Now probing deeper, the Financial Supervisory Service has opened a comprehensive review; meanwhile, lawmakers in Seoul will hold an urgent session on 11 February to press officials and platform leaders for answers. Speaking publicly, Bithumb admitted changes are underway - its payout systems being rebuilt, oversight tightened - even though they insist no cyberattack occurred nor did outside actors gain access.

Bithumb Error Sends 620,000 Bitcoins to Users, Triggers Regulatory Scrutiny in South Korea #Bitcoin #BitcoinCyberThreat #Bithumb

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CySecurity News

@cysecuritynews.bsky.social

3 weeks ago

Bithumb Mistakenly Credits Users With Billions in Bitcoin During Promotion Error A promotional campaign at South Korean cryptocurrency exchange Bithumb turned into a large scale operational incident after a data entry mistake resulted in users receiving bitcoin instead of a small cash-equivalent reward. Initial reports suggested that certain customers were meant to receive 2,000 Korean won as part of a routine promotional payout. Instead, those accounts were credited with 2,000 bitcoin each. At current market valuations, 2,000 bitcoin represents roughly $140 million per account, transforming what should have been a minor incentive into an extraordinary allocation. Bithumb later confirmed that the scope of the error was larger than early estimates. According to the exchange, a total of 620,000 bitcoin was mistakenly credited to 695 user accounts. Based on prevailing prices at the time of the incident, that amount corresponded to approximately $43 billion in value. The exchange stated that the issue stemmed from an internal processing mistake and was not connected to external hacking activity or a breach of its security infrastructure. It emphasized that customer asset custody systems were not compromised. The sudden appearance of large bitcoin balances had an immediate effect on trading activity within the platform. Bithumb reported that the incident contributed to a temporary decline of about 10 percent in bitcoin’s price on its exchange, as some affected users rapidly sold the credited assets. To contain further disruption, the company restricted withdrawals and suspended certain transactions linked to the impacted accounts. It stated that 99.7 percent of the mistakenly issued bitcoin has since been recovered. The event has revived discussion around the concept often described as “paper bitcoin.” On centralized exchanges, user balances are reflected in internal ledgers rather than always corresponding to coins held in individual blockchain wallets. In practice, exchanges may not maintain a one-to-one on-chain reserve for every displayed balance at every moment. This structural model has previously drawn criticism, most notably during the collapse of Mt. Gox in 2014, which was then the largest bitcoin exchange globally. Its failure exposed major discrepancies between reported and actual holdings. Data from blockchain analytics firm Arkham Intelligence indicates that Bithumb currently controls digital assets worth approximately $5.3 billion. That figure is substantially lower than the $43 billion temporarily reflected in the erroneous credits, underscoring that the allocation existed within internal accounting records rather than as newly transferred blockchain assets. Observers on social media platform X questioned how such a large discrepancy could occur without automated safeguards preventing the issuance. Bithumb has faced security challenges in the past. In 2017, an employee’s device was compromised, exposing customer data later used in phishing attempts. In 2018, around $30 million in cryptocurrency was stolen in an attack attributed to the Lazarus Group, an organization widely linked to North Korea. A further breach in 2019 resulted in losses of roughly $20 million and was initially suspected to involve insider participation. In each instance, Bithumb stated that it compensated affected users for lost funds, though earlier incidents included exposure of personal information. Beyond cybersecurity events, the exchange has also been subject to regulatory scrutiny, including investigations related to alleged fraud, embezzlement, and promotional practices. Reports indicate it was again raided this week over concerns involving misleading advertising. Bithumb maintains that no customer ultimately suffered a net financial loss from the recent error, though the price movement raised concerns about potential liquidations for leveraged traders. A comparable situation occurred at decentralized exchange Paradex, which reversed trades following a pricing malfunction. The incident unfolds amid broader market strain, with digital asset prices astronomically below their October peaks and political debate intensifying around cryptocurrency-linked business interests connected to U.S. public figures. Recent disclosures from the U.S. Department of Justice concerning Jeffrey Epstein’s early involvement in cryptocurrency ventures have further fueled online speculation and conspiracy narratives across social platforms.

Bithumb Mistakenly Credits Users With Billions in Bitcoin During Promotion Error #Bitcoin #Bithumb #cryptocurrency

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Crypto Economy

@cryptoeconomy.bsky.social

3 weeks ago

Regulatory Meltdown: Seoul Scrambles to Explain $43B Bithumb Bitcoin Error - Crypto Economy South Korea’s FSC faces heat after Bithumb’s $43B BTC crediting error; probe delays, partial recovery, and custody lapses fuel scrutiny.

🚨 Bithumb under scrutiny over figures

Seoul stated that the reported $43B Bitcoin discrepancy at Bithumb was a technical mistake rather than an actual loss of funds.

#Bitcoin #Bithumb #Seoul #Crypto

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BANDAR ALOTAIBI 🇸🇦

@bandr283.bsky.social

3 weeks ago

مددت السلطات الكورية الجنوبية فترة التفتيش على منصة #Bithumb للتحقق من امتثالها لقوانين مكافحة غسل الأموال وحماية المستثمرين. تأتي هذه الإجراءات ضمن حملة تنظيمية واسعة لضمان شفافية التداولات في كبرى بورصات #الكريبتو المحلية.#Korea #Regulation #Crypto #رقابة

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Korea JoongAng Daily

@koreajoongangdaily.com

3 weeks ago

Bithumb's $44 billion blunder lands entire digital asset ecosystem in the hot seat The erroneous transfer of Bitcoins worth 64 trillion won ($44 billion) at Bithumb has prompted financial authorities to scrutinize not only the exchange's internal control system but the overall…

Korea’s digital asset sector under fire as the central bank calls out Bithumb’s $44B blunder, citing parallels with PayPal’s major payment error.
#Bithumb #Bitcoin #PayPal
koreajoongangdaily.joins.com/news/2026-02...

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Vecs.news

@newsbyvecs.bsky.social

3 weeks ago

South Korea ramps up cryptocurrency oversight in 2026 after Bithumb's $40 billion Bitcoin error exposed critical vulnerabilities in exchange systems.

Today's Daily Vecsignal
Don't be half-informed. Full context? Link in bio.

#southkorea #crypto #bithumb

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21Mexpress

@21mexpress.bsky.social

1 month ago

La plateforme Bithumb a fait une erreur historique en offrant 40 milliards de dollars en bitcoin au lieu de quatre cents euros à cause d'une maladresse humaine 😱.

Ce virement colossal a fait chuter le marché et secoué la Corée du Sud 📉.

Quel séisme incroyable ! 🇰🇷

#21M #Bitcoin #Bithumb

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John Leonard

@johnleonard.mastodon.social.ap.brid.gy

1 month ago

Original post on mastodon.social

Welcome to Computing's weekly roundup of tech news in Asia. This time we look at China’s secret cyberattack training platform, #Bithumb’s crypto booboo and Taiwan bringing some reality into the chip relocation conversation […]

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Criptomonedas Fácil

@criptosfacilcom.bsky.social

1 month ago

BITHUMB SUSPENDE DEPÓSITOS DE HBAR POR ACTUALIZACIÓN DE RED Y ENFRENTA INVESTIGACIÓN TRAS ERROR QUE MOVIÓ 620,000 BTC | Criptomonedas Fácil Bithumb suspendió depósitos y retiros de HBAR por una actualización de Hedera. Un error operativo en 2026 generó ventas masivas y revisión regulatoria.

💥 BITHUMB | Error mueve 620K BTC y detienen HBAR por upgrade. #Bithumb #HBAR #Bitcoin
🔗 Artículo completo 👇
criptomonedasfacil.com/exchange/bit...

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WeBitcoin

@webitcoin.bsky.social

1 month ago

Como terminará a novela do airdrop de Bitcoin da Bithumb? - Webitcoin Caso Bithumb de US$ 40 bi vira alvo de investigação na Coreia. Erro em airdrop envia 2.000 BTC por usuário.

Um erro transformou um #airdrop 🎈promocional de US$1,38 em 2.000 #BTC por usuário 💥🪙. A falha gerou envio estimado em US$ 40 bilhões e provocou queda no preço da plataforma 📉. Autoridades sul-coreanas abriram investigação ⚖️🇰🇷

#bithumb #webitcoin
webitcoin.com.br/bithumb-enfr...

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BANDAR ALOTAIBI 🇸🇦

@bandr283.bsky.social

1 month ago

أعلنت #Bithumb الكورية الجنوبية عن استرداد 99.7% من عملات #البيتكوين التي أُرسلت بالخطأ للمستخدمين بسبب خطأ تقني كارثي قيمته 43 مليار دولار. المنصة أكدت تغطية العجز المتبقي لضمان سلامة أموال المودعين وسط تحقيقات رسمية موسعة. #بيتكوين #منصات #كوريا #BTC

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BANDAR ALOTAIBI 🇸🇦

@bandr283.bsky.social

1 month ago

فتحت السلطات الكورية الجنوبية تحقيقاً رسمياً مع منصة #bithumb على خلفية حادثة الخطأ التقني الذي أدى لإرسال مليارات الدولارات للمستخدمين. يركز التحقيق على مدى كفاءة أنظمة الرقابة الداخلية وحماية المستثمرين داخل المنصة لتجنب تكرار الكوارث. #كوريا #رقابة #قانون

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21Mexpress

@21mexpress.bsky.social

1 month ago

Le scandale Bithumb révèle 43 milliards $ de bitcoins fantômes 😱.

Cette affaire prouve que les chiffres sur une plateforme peuvent être de simples illusions sans stockage réel 📉.

Il est essentiel de vérifier la transparence de vos actifs numériques. 🔐

#21M #Bithumb #Securite #Bitcoin

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ForkLog UA

@forklog.com.ua

1 month ago

У Південній Кореї розпочали розслідування щодо Bithumb після «роздачі» біткоїнів - ForkLog UA Служба фінансового нагляду Південної Кореї (FSS) перевела планову перевірку біржі Bithumb у статус повномасштабного розслідування. Приводом став інцидент із помилковим нарахуванням користувачам 620 00...

Служба фінансового нагляду Південної Кореї перевела планову перевірку біржі Bithumb у статус повномасштабного розслідування. Приводом став інцидент із помилковим нарахуванням користувачам 620 000 BTC (близько $43,1 млрд).

#Bithumb #ПівденнаКорея #регулювання #розслідування #централізованібіржі

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Business AM - FR

@businessam-fr.bsky.social

1 month ago

Bithumb, la crypto-bourse sud-coréenne, a accidentellement versé 40 milliards de dollars en bitcoins à ses clients Principaux renseignements Une grave erreur s’est produite sur la bourse sud-coréenne de cryptomonnaies Bithumb, entraînant la distribution accidentelle de plus de 40 milliards de dollars (33 milliards d’euros) de bitcoins à des clients. L’incident s’est produit vendredi lors d’un événement promotionnel au cours duquel les utilisateurs devaient recevoir de petites sommes d’argent. Une erreur chez […]

Bithumb, la crypto-bourse sud-coréenne, a accidentellement versé 40 milliards de dollars en bitcoins à ses clients #Bithumb #Cryptomonnaies #Bitcoin #Finance #ErreursFinancières

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Business AM

@businessam.bsky.social

1 month ago

Zuid-Koreaanse cryptobeurs Bithumb betaalde per ongeluk 40 miljard dollar aan bitcoin uit aan klanten Key takeaways Bij de Zuid-Koreaanse cryptobeurs Bithumb deed zich een ernstige fout voor, waardoor per ongeluk voor meer dan 40 miljard dollar (33 miljard euro) aan bitcoins aan klanten werd uitgedeeld. Het incident vond vrijdag plaats tijdens een promotie-evenement waarbij gebruikers kleine geldbedragen zouden ontvangen. Fout bij Bithumb schudt cryptomarkt op In plaats van de […]

Zuid-Koreaanse cryptobeurs Bithumb betaalde per ongeluk 40 miljard dollar aan bitcoin uit aan klanten #cryptobeurs #Bithumb #cryptomarkt #bitcoin #cryptovaluta

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BANDAR ALOTAIBI 🇸🇦

@bandr283.bsky.social

1 month ago

دعت هيئة الرقابة المالية في كوريا الجنوبية لتشديد القواعد المنظمة للكريبتو بعد حادثة توزيع مجاني بقيمة 40 مليار دولار من بورصة #Bithumb عن طريق الخطأ. تسببت الحادثة في فوضى مؤقتة بالسوق، مما سلط الضوء على ضرورة وجود ضوابط تشغيلية تقنية صارمة. #كوريا #تنظيم #فوضى

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Crypto Economy

@cryptoeconomy.bsky.social

1 month ago

$44B Bitcoin Giveaway Glitch Puts Bithumb Under Korean Scrutiny, Rekindles CEX Risk Debate - Crypto Economy Bithumb faces Korean scrutiny after a $40B–$44B BTC credit glitch, reviving “ghost coin” fears and CEX operational risk concerns.

⚖️ BTC giveaway glitch puts Bithumb under scrutiny

A BTC giveaway bug at Bithumb drew scrutiny and criticism over how the Bitcoin promotion was handled by the exchange.

#Bithumb #Bitcoin #Glitch #Exchange #Crypto

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@happycoinnews.bsky.social

1 month ago

photo_2026-02-09_15-10-35.jpg

South Korean authorities have launched an investigation into the #Bithumb exchange after an error caused billions in bitcoin to be credited to users' accounts instead of won, leading to unauthorized trades and a temporary price crash.

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Criptomonedas Fácil

@criptosfacilcom.bsky.social

1 month ago

🚨 ALERTA: El regulador financiero de Corea del Sur calificó de "catastrófico" el error de Bithumb tras transferencias equivocadas de Bitcoin. La FSS investiga fallas operativas y advierte sobre riesgos sistémicos en exchanges centralizados #Bitcoin #Bithumb #Criptomonedas

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@happycoinnews.bsky.social

1 month ago

Bithumb users got rid of 125 gifted bitcoins Editorial staff Happy Coin News It has become known that 86 clients of the South Korean exchange Bithumb sold bitcoins they received by mistake.

Happy Coin News has learned that 86 clients of the South Korean exchange #Bithumb sold bitcoins they mistakenly received.
Read more: happycoin.club/en/86-klientov-bithumb-p...

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The MES Times

@themestimes.bsky.social

1 month ago

South Korean cryptocurrency exchange Bithumb announced on Saturday that it had accidentally distributed more than $40 billion worth of bitcoins to customers as part of a promotional reward, causing a sharp selloff on the exchange.

#Bithumb #Cryptocurrency #BitcoinSelloff #CryptoMistake

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BANDAR ALOTAIBI 🇸🇦

@bandr283.bsky.social

1 month ago

شهدت #Bithumb الكورية خطأً تقنياً أدى لإرسال ما قيمته 44 مليار دولار من #البيتكوين إلى حسابات المستخدمين عن طريق الخطأ. تعمل المنصة حالياً على استرداد الأصول وتصحيح الخلل، وسط قلق من تأثير هذه الحادثة على سمعة المنصات المركزية ومعايير الأمان. #Crypto #أمن

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CryptologyRO

@cryptologyro.bsky.social

1 month ago

Bithumb a trimis din greșeală Bitcoin de 44 de miliarde de dolari către utilizatori și a declanșat haos pe bursa Vineri seara, pe 6 februarie 2026, câteva sute de utilizatori ai platformei sud-coreene Bithumb și-au deschis aplicațiile și au rămas fără cuvinte.

Vineri seara, pe 6 februarie 2026, câteva sute de utilizatori ai platformei sud-coreene #Bithumb și-au deschis aplicațiile și au rămas fără cuvinte. cryptology.ro/bithumb-a-tr...

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