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Crypto
Bithumb mispayment fallout spreads as XRP overtakes Ethereum
Fallout from a large-scale bitcoin mispayment at Bithumb is spreading, with some assets still unrecovered despite emergency recovery measures and some leaking externally. Financial authorities and parliament are signalling tougher regulation. The article also cites developments around Ripple and XRP, including Ripple Labs’ valuation and Brazil’s approval of a spot XRP ETF, and notes bitcoin-related policy and market commentary, risks around Ethereum, and shifting U.S. regulatory signals.
Crypto
Bithumb warns against phishing posing as compensation for misdirected bitcoin
Bithumb said on Feb. 13 users should beware of phishing messages impersonating compensation guidance linked to a Feb. 6 incident involving misdirected random box bitcoin payouts. The exchange said official compensation notices contain no URL links and are provided only through its customer center. It said it does not request IDs, passwords or other personal information, and does not send texts or emails with attachments or ask customers to transfer virtual assets.
Crypto
Bithumb mispayment incident spreads; Lee Chan-jin calls it a \'disastrous situation\'
The fallout from a large-scale bitcoin mispayment at Bithumb is spreading after a computer error during a \"random box\" event credited 2,000 BTC instead of 2,000 won per winner, creating 620,000 BTC on its internal ledger. Authorities said 125 BTC remains unrecovered, with some proceeds withdrawn to bank accounts and the rest likely swapped into other digital assets. Regulators launched an inspection and officials signaled tougher rules.
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Finance
Lee Chan-jin says Bithumb incident exposes structural flaws; mistakenly paid coins must be returned
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Crypto
FSS dispatches inspection team to Bithumb; Financial Services Commission calls emergency meeting
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Crypto
Bithumb apologises for erroneous bitcoin payout, says not a hack and normalised within 5 minutes
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Crypto
Bithumb mistakenly credits 2,000 bitcoins instead of 2,000 won event prize, worth 133.4 trillion won