🇰🇷 Bithumb Wins a Case After Accidentally Crediting 620,000 BTC to Users: Report
- The Central District Court of Seoul ordered a Bithumb customer to return approximately $140,400 after the person sold the Bitcoins that had been credited to their account by mistake, and ruled that this was illicit gain.
- The case is part of a broader effort to recover after an incident in February, when Bithumb accidentally credited about 620,000 BTC to users in a promotion program—far exceeding the amount of Bitcoin the exchange actually held, which was 40,000 BTC.
- The incident led Korean regulators to increase oversight, conduct urgent reviews, and issue new requirements compelling exchanges to regularly reconcile customer balances to prevent similar errors.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- The Central District Court of Seoul ordered a Bithumb customer to return approximately $140,400 after the person sold the Bitcoins that had been credited to their account by mistake, and ruled that this was illicit gain.
- The case is part of a broader effort to recover after an incident in February, when Bithumb accidentally credited about 620,000 BTC to users in a promotion program—far exceeding the amount of Bitcoin the exchange actually held, which was 40,000 BTC.
- The incident led Korean regulators to increase oversight, conduct urgent reviews, and issue new requirements compelling exchanges to regularly reconcile customer balances to prevent similar errors.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
