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fromCointelegraph
4 days ago

Bitcoin Promotion Error Sparks Regulatory Reckoning in South Korea

Bithumb, one of South Korea's largest cryptocurrency exchanges, ran a regular promotional campaign in early February 2026. However, it turned into a major regulatory concern. What started as a simple internal data-entry mistake briefly displayed hundreds of thousands of "ghost Bitcoin" on user dashboards. Some account holders actually traded those balances, prompting regulators to examine the inner mechanisms of centralized crypto platforms more closely.
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#bitcoin
fromBitcoin Magazine
1 week ago
Cryptocurrency

Bithumb Bitcoin Blunder Sends $44 Billion To Users

Bithumb accidentally distributed about 620,000 BTC (~$44 billion) during a rewards promotion, recovered 99.7%, and will cover remaining losses from corporate funds.
fromBitcoin Magazine
1 week ago
Cryptocurrency

Bithumb Mistakenly Sends Bitcoin To Users, Sparks Selloff

Bithumb accidentally credited large Bitcoin amounts to user accounts during a promotion, causing major price dislocations and temporary transaction restrictions.
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