Bithumb, a South Korean cryptocurrency exchange, will reimburse customers after mistakenly distributing more than $40 billion worth of Bitcoin. This incident underscores a trend in the crypto industry where exchanges have faced technical glitches resulting in unintended asset distributions. In response to both operational and regulatory expectations, South Korean exchanges, including Bithumb, have been focusing on customer protection measures, such as reimbursements for errors, to maintain trust and comply with local regulations.
Bithumb to reimburse $40B Bitcoin distribution error
