South Korea launches a full Bithumb probe after a massive $43 billion Bitcoin transfer error at the crypto exchange.
Blockchain News

Bithumb Probe: South Korea Launches Full Investigation After Staggering $43B Bitcoin Error

Seoul, South Korea – April 2025: South Korea’s top financial regulator has escalated its scrutiny of cryptocurrency exchange Bithumb into a formal, full-scale investigation. This decisive action follows the revelation of a catastrophic operational error that mistakenly distributed Bitcoin valued at approximately $43 billion to users. The Bithumb probe now represents one of the most […]

Analyst investigates the Bithumb Bitcoin glitch showing fake cryptocurrency data on trading screens.
Blockchain News

Bithumb Glitch: Shocking System Error Displayed 620,000 Fake Bitcoin, Triggers Regulatory Probe

Seoul, South Korea – March 21, 2025: A significant technical failure at Bithumb, one of South Korea’s largest cryptocurrency exchanges, has triggered immediate regulatory inspections. The Bithumb glitch caused internal systems to erroneously record approximately 620,000 Bitcoin—a staggering figure representing tens of billions of dollars—that did not exist on the blockchain. This incident, detected during […]

Bithumb secures $40 billion Bitcoin after a major exchange error, preventing a market crisis.
Blockchain News

Historic Recovery: Bithumb Secures $40B in Bitcoin After Catastrophic Airdrop Blunder

Seoul, South Korea – March 15, 2025: In a stunning display of crisis management, the South Korean cryptocurrency exchange Bithumb has successfully recovered 99.7% of an erroneous airdrop totaling 620,000 Bitcoin, valued at over $40 billion. The near-catastrophic operational mistake, which briefly triggered a flash crash on the platform, represents one of the most significant […]

Bitcoin price crashes on Bithumb exchange after a major staff transfer error of 2,000 BTC.
Blockchain News

Bitcoin Price Plummets: Bithumb Staff Error Transfers 2,000 BTC in Airdrop Blunder

Seoul, South Korea, March 2025: The Bitcoin price experienced a sudden and severe drop on the South Korean cryptocurrency exchange Bithumb today, following a significant operational error by exchange staff. Blockchain analytics firm Lookonchain reported that the incident, which involved the erroneous transfer of 2,000 BTC (approximately $130 million USD at the time) amid an […]

Courtroom scene symbolizing Ahn Sung-hyun's acquittal in the cryptocurrency listing bribery case.
Blockchain News

Stunning Verdict: Pro Golfer Ahn Sung-hyun Acquitted in Crypto Listing Bribery Appeal

Seoul, South Korea – February 2, 2025: In a stunning legal reversal, professional golfer Ahn Sung-hyun has been acquitted of all charges related to a high-profile cryptocurrency listing bribery scandal. The Seoul High Court’s decision overturns a previous four-and-a-half-year prison sentence, marking a dramatic turn in a case that has captivated South Korea and exposed […]

Bithumb crypto exchange complies with OFAC sanctions by suspending transactions with Iran-related exchanges Zedxion and Zedcex.
Blockchain News

Bithumb Takes Decisive Action: Suspends Transactions with Sanctioned Iran-Related Crypto Exchanges

Seoul, South Korea: In a significant move highlighting the tightening regulatory landscape for cryptocurrency, South Korea’s leading digital asset exchange, Bithumb, has announced a decisive suspension of deposit and withdrawal services for two specific platforms. The action targets the Iran-related exchanges Zedxion and Zedcex, following their designation on the U.S. Department of the Treasury’s Office […]

Loopring LRC token faces delisting watchlist on major South Korean crypto exchanges Upbit, Bithumb, and Korbit.
Blockchain News

Loopring Delisting Watchlist: Upbit, Bithumb, Korbit Issue Critical Warning on LRC

Seoul, South Korea: In a significant regulatory move, three of South Korea’s largest cryptocurrency exchanges—Upbit, Bithumb, and Korbit—have simultaneously placed the Loopring (LRC) token on a delisting watchlist. This critical action follows a coordinated review that identified insufficient disclosure of material information and shortcomings in the project’s business progress. The decision sends a powerful signal […]

Bithumb exchange interface showing FLOW deposit and suspension for mainnet upgrade on January 29.
Blockchain News

Essential Update: Bithumb Announces Temporary FLOW Suspension for Critical Mainnet Upgrade

Seoul, South Korea, January 2025: In a move highlighting the evolving infrastructure of digital asset markets, leading South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of deposit and withdrawal services for the Flow (FLOW) token. This essential procedural halt, scheduled for 11:00 a.m. UTC on January 29, directly supports a planned mainnet upgrade […]