Korea Joongang Daily
Korea JoongAng Daily

Bithumb promises payback to users hit by system mishap

Bithumb, Korea's second-largest crypto trader under fire for mistakenly sending out 620,000 Bitcoins to users, promised to compensate not only users whose tokens were liquidated due to the incident, but also those who sold their assets out of panic.

2026-02-11

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 to reimburse users, offer 10% compensation after Bitcoin snafu

Bithumb, one of Korea's crypto exchanges, said Sunday it will reimburse customers who suffered losses from panic selling triggered by an internal transfer error last week.

2026-02-08

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 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

Criminal ring nabbed for alleged laundering of 150 billion won of cryptocurrency

Korea's customs authorities said Monday they have uncovered an international crime ring accused of laundering about 150 billion won ($101.7 million) worth of cryptocurrency through an unauthorized foreign exchange scheme.

2026-01-19

Where does Korea stand on stablecoin adoption?

From buying coffee at Starbucks to purchasing lipstick at Olive Young, a growing number of Koreans are embracing stablecoins for everyday payments, often through overseas third-party payment platforms.

2026-01-12

Turkmenistan, one of the most isolated nations, legalizes crypto mining and exchanges

Turkmenistan, one of the world’s most isolated nations, officially legalized mining and exchanging cryptocurrency on Thursday in a major shift for the country's tightly controlled, gas-dependent economy.

2026-01-02

Wanted by the FBI for $7 million: North Korea’s crypto heist money launderer

The U.S. Federal Bureau of Investigation (FBI) has put a $7 million price on Sim Hyon-sop, an alleged financial fixer for North Korean leader Kim Jong-un’s regime.

2025-12-26