According to Odaily Odaily, cryptocurrency exchange Bithumb made an operational error when distributing rewards to 249 users, mistakenly entering 620,000 Korean won as 620,000 Bitcoins, resulting in the erroneous distribution of Bitcoins worth 60 trillion Korean won. Although the exchange has recovered 99.7% of the assets, 125 Bitcoins, worth approximately 13 billion Korean won, remain unrecovered.
It has been confirmed that over 80 people have cashed out Bitcoin that was mistakenly credited to their accounts. Approximately 3 billion Korean won has been transferred to personal bank accounts, and another 10 billion won has been used to purchase other cryptocurrencies. Bithumb is currently communicating with affected users to request refunds. For users affected by market volatility, Bithumb plans to fully compensate for the selling price difference plus an additional 10% compensation, and waive one week's transaction fees. South Korean financial regulators have announced that they will conduct inspections of the internal controls and asset verification systems of all exchanges.
