This article is machine translated
Show original

[Urgent]: Bithumb's 620,000 BTC Overpayment and Regulatory Slash Yesterday, during a Bithumb Random Box event, an employee confused the Korean Won (KRW) and Bitcoin (BTC) denominations, sending 620,000 BTC instead of 620,000 won. It was a truly epic **Fat Finger**. Most of the funds were recovered, but there's still about **125 BTC missing. The Financial Services Commission and the Financial Supervisory Service took advantage of this to conduct an emergency inspection. They summoned the Bithumb CEO and held an emergency meeting. The scary thing is, this isn't just Bithumb. They're linking up with DAXA** to completely overhaul the internal controls of other exchanges. They're also planning to introduce a "Second-Level Virtual Asset Management Act" that will impose **No-Fault Liability" on exchanges in the event of a security breach. This amateurish mistake only served to fuel regulatory scrutiny. Exchanges need to be on their toes. Let's go Bitcoin! ๐Ÿ‘‰ Key Points: 620,000 BTC overpayment + launch of full investigation + acceleration of the 2-step law. #Bithumb #FatFinger #Regulation #Bitcoin $BTC

Telegram
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments