๐จ Bithumb Scandal: 620,000 "Fake" Bitcoins on the Blockchain?!
Last Friday, a technical glitch on the Bithumb platform caused the issuance and distribution of 620,000 Bitcoins that did not actually exist on the blockchain.
To clarify, the platform only possessed:
175 Bitcoins in its internal records
42,619 Bitcoins belonging to customers
However, the system treated these fake coins as if they were real, causing widespread shock in the financial community.
Legislators in South Korea described the incident as a structural flaw in the system, not just a human error, making the responsibility deeper and more complex.
Regulatory bodies have already begun field inspections and may impose strict penalties on the platform soon. This event highlights the technical and regulatory risks in trading centralized digital currencies.
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๐ $YALA
๐ $PIPPIN
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$DUSK