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🚨 Bithumb Under Investigation in South Korea 🚨
620,000 BTC, worth over $40 billion USD, were mistakenly sent to user accounts.
The exchange did not hold those bitcoins; its reserves are only 46,000 BTC.
Bitcoin prices plummeted, and some users sold in panic.
Authorities have launched an investigation due to serious failures in internal controls.
Bithumb promises to compensate for losses at 110%.

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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.
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