South Korea probes Bithumb after 620,000 Bitcoin airdrop blunder

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South Korea has launched an investigation into Bithumb after a mistake involving a 620,000 Bitcoin airdrop exposed structural weaknesses within the company. This action comes as South Korean financial regulators have ramped up scrutiny on cryptocurrency exchanges, aiming to boost investor protection and ensure system stability. Additionally, crypto exchanges across Asia are under increasing pressure to address operational errors due to the rising adoption of digital assets.

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