Bithumb struck by system error leading to $40B Bitcoin mishap

Bitcoin Desk - The Bitcoin Street Journal cyberpunk, trending on artstation in the style of cyberpunk

Bithumb, South Korea’s second-largest cryptocurrency exchange, mistakenly processed a ₩428 billion KRW transfer as $40 billion BTC due to system flaws, leaving 1,786 BTC unrecovered and requiring customers who received the funds to return them. This incident comes amid increased regulatory focus in South Korea on consumer protection in crypto markets, compelling exchanges to promptly report and rectify such errors.

Source

You might be interested in …

Bitcoin Desk February 10, 2026

Bitcoin shop opens in Vienna for real-world adoption

A Bitcoin shop has opened in Vienna, Austria, marking the latest addition to the city’s growing number of cryptocurrency-related businesses. This development aligns with the broader trend of Bitcoin’s increased mainstream integration across Europe, as […]

Bitcoin News Desk - The Bitcoin Street Journal cyberpunk, trending on artstation in the style of cyberpunk

Bitcoin Desk February 10, 2026

Bitdeer Technologies sells 468.8 BTC, retains 1,039.5 BTC holdings

Singaporean publicly traded Bitcoin mining company Bitdeer Technologies has sold 468.8 BTC and now holds a total of 1,039.5 BTC, positioning it at 47th in the Bitcoin 100 Ranking. This move reflects a broader trend […]

Bitcoin Desk 9 hours ago

Brazil reintroduces bill to create a Strategic Bitcoin Reserve allowing acquisition of 1M Bitcoin

Brazil has reintroduced a bill aimed at creating a Strategic Bitcoin Reserve, which would allow the country to acquire up to 1 million BTC. This legislative push follows earlier proposals that had stalled in congressional […]