Breaking: Hong Kong Fund’s Bitcoin ETF Unwind, Bithumb’s $42.5B Phantom BTC Crisis
HONG KONG/SOUTH KOREA — February 9, 2026: A sudden, severe Bitcoin sell-off that rattled global markets this week has been linked by industry analysts to a potential multi-billion dollar options trade blowup at a Hong Kong-based fund. Concurrently, South Korea’s major exchange Bithumb faces a regulatory firestorm after mistakenly distributing 620,000 Bitcoin—worth approximately $42.5 billion—in […]
