South Korea probes Bithumb after 620,000 Bitcoin airdrop blunder

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

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.

You might be interested in …

Russia Backs BTC, Hackers Target Coinbase, and Crocs Go Crypto

Bitcoin Desk March 2, 2026

Strategy raises yield to 11.5% as $STRC remains stable

In February, $STRC closed at par despite Bitcoin’s 45% decline from its October highs, indicating resilience in the face of broader market volatility. Notably, Saylor has raised the yield on Strategy offerings to 11.5% as […]

22 Bitcoin worth $1.5M vanish from Seoul police custody

Bitcoin Desk February 26, 2026

Google searches for ‘buy Bitcoin’ hit 5-year high

Google searches for “buy Bitcoin” have reached their highest level in five years, indicating a surge in public interest in the cryptocurrency. This increase in search activity is partially attributed to recent economic policies that […]

Bitcoin Desk February 20, 2026

James Wynn liquidates 40x short position on Bitcoin after $76.7K bet

James Wynn (@JamesWynnReal) was fully liquidated shortly after claiming 1,389.31 $USDC in referral rewards and opening a 40x short position on 1.1482 $BTC, with a liquidation price set at $67,575.89. This event underscores the risks […]