#Bithumb
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opcanary.bsky.social
A South Korean court has sentenced a celebrity golfer Ahn Sung-hyun and the former CEO of Bithumb Lee Sang-jun, a major crypto exchange, to prison for their roles in a bribery and market manipulation scheme. #opCanary
South Korean Court Jails Bithumb CEO and Golfer in Crypto Bribery Scandal
A South Korean court has sentenced a celebrity golfer and the former CEO of Bithumb, a major crypto exchange, to prison for their roles in a bribery and
coinpedia.org
January 3, 2025 at 3:20 PM
web3isgoinggreat.com
Bithumb accidentally gives away $44 billion to customers

February 7, 2026
https://www.web3isgoinggreat.com/?id=bithumb-giveaway-error
Bithumb accidentally gives away $44 billion to customers The South Korean cryptocurrency exchange Bithumb disclosed that it had accidentally given its customers more than 620,000 BTC (~$44 billion) in a promotional event gone wrong. Intending to reward each customer with at least ₩2,000 (~$1.40), the exchange accidentally rewarded each customer at least 2,000 BTC (almost $140 million). The exchange announced that they had recovered 99.7% of the erroneously awarded tokens, leaving around 1,860 BTC (~$130 million) unaccounted for. The incident has drawn further scrutiny from Korean regulators, who said that the error "has exposed the vulnerabilities and risks of virtual assets." Regulatory agencies in the country had already been cracking down on crypto firms following a $30 million hack of the Upbit crypto exchange in November 2025.
February 7, 2026 at 9:58 PM
yuplovewallpq.bsky.social
Meme coins surge: DOGE, SHIB, and BONK gain! 🐶🚀 Bonk listed on Bithumb with $384M in trading volume. GameStop stock rise and ShibaSwap updates drive prices up. #Crypto #MemeCoins #Bithumb #GameStop #AIart
May 17, 2024 at 3:29 PM
demeter321.bsky.social
Upbit, Bithumb compensate users after service outages during martial lawUpbit and Bithumb will compensate investors $2.5 million after service outages caused by a surge in crypto activity during South Korea's martial law declaration.
January 24, 2025 at 12:10 PM
cryptokorea.bsky.social
[16 Dec, 9PM KST(UTC+9)]

Kimchi Premium Index
#BTC +0.9%
#ETH +0.98%

Crypto App Ranking
#Upbit All # 149(▲19) / Finance # 31(▼1)
#Bithumb All # 42(▲3) / Finance # 9(▼2)
December 16, 2025 at 12:00 PM
alexdemen.bsky.social
Upbit, Bithumb compensate users after service outages during martial lawUpbit and Bithumb will compensate investors $2.5 million after service outages caused by a surge in crypto activity during South Korea's martial law declaration.
January 24, 2025 at 12:21 PM
heise.de
Folgenschwere Panne bei einer Werbeaktion der südkoreanischen Kryptowährungsbörse Bithumb: Durch einen Fehler erhielten 695 Nutzer je mindestens 2000 Bitcoin. #Bitcoin
Kryptobörse verschenkt versehentlich 44 Milliarden Dollar
Folgenschwere Panne bei einer Werbeaktion der südkoreanischen Kryptowährungsbörse Bithumb: Durch einen Fehler erhielten 695 Nutzer je mindestens 2000 Bitcoin.
www.heise.de
February 7, 2026 at 5:03 PM
alexdemen.bsky.social
The rapid influx of users overwhelmed the servers of Upbit, Bithumb and other exchanges, resulting in disruptions and service outages.
January 24, 2025 at 12:24 PM
radiodeadair.com
No wonder Bitcoin tanked: apparently it's possible to just accidentally create Bitcoins out of thin air.

SEEMS BAD.
Bitcoin’s fraud-detection system didn’t appear to have been triggered, according to local cryptocurrency experts. South Korean lawmakers have raised concern over the so-called “phantom coin” issue: How Bithumb was able to distribute 620,000 bitcoins when its own stockpile appeared to have numbered closer to 50,000.
February 12, 2026 at 1:06 AM
alexdemen.bsky.social
South Korean cryptocurrency exchanges Upbit and Bithumb will compensate investors following service downtime caused by an unexpected declaration of nationwide martial law on Dec. 3, 2024.
January 24, 2025 at 12:22 PM
thehyyyype.bsky.social
Love the safety and security of decentralized currency!
Bitcoin's fraud-detection system didn't appear to have been triggered, according to local cryptocurrency experts. South Korean lawmakers have raised concern over the so-called "phantom coin" issue: HOW Bithumb was able to distribute 620,000 bitcoins when its own stockpile appeared to have numbered closer to- 50,000.
February 16, 2026 at 4:19 AM
cryptokorea.bsky.social
[15 Dec, 9PM KST(UTC+9)]

Kimchi Premium Index
#BTC +1.16%
#ETH +1.18%

Crypto App Ranking
#Upbit All # 168(▼36) / Finance # 30(▼14)
#Bithumb All # 45(▼10) / Finance # 7(▼1)
December 15, 2025 at 12:00 PM
spiegel.de
Es sollte eine kleine Prämie sein, am Ende waren es Millionen: Die Handelsplattform Bithumb hat Hunderten Nutzern versehentlich Bitcoins ausgezahlt. Einige schafften es, sie vor einer Sperre zu verkaufen.
Bithumb: Kryptobörse überweist versehentlich Milliardenwert an Kunden
Es sollte eine kleine Prämie sein, am Ende waren es Millionen: Die Handelsplattform Bithumb hat Hunderten Nutzern versehentlich Bitcoins ausgezahlt. Einige schafften es, sie vor einer Sperre zu verkaufen.
www.spiegel.de
February 7, 2026 at 7:44 AM
matt-levine.bsky.social
This newsletter has many ways to access the client wallet. www.bloomberg.com/opinion/news...
Bond Trading Gets Cheaper
Also Bithumb fat finger, Alphabet century bond and California blackjack.
www.bloomberg.com
February 10, 2026 at 7:18 PM
allkpop.com
#ParkMinYoung's reported ex-boyfriend, Kang Jong Hyun, faces 20-year prison sentence request in Bithumb affiliate stock manipulation case
www.allkpop.com/article/2026...
Park Min Young's reported ex-boyfriend, Kang Jong Hyun, faces 20-year prison sentence request in Bithumb affiliate stock manipulation case
Kang Jong Hyun, the alleged beneficial owner of affiliates of cryptocurrency exchange Bithumb, has been hit with a prosecution request for a 20-year …
www.allkpop.com
September 18, 2026 at 10:32 PM
hackread.bsky.social
📢🪙 #Bithumb, one of the largest Bitcoin exchanges in South Korea, accidentally sent 620,000 Bitcoin (about $40 Billion) to customer accounts during a promo.

Read: hackread.com/bithumb-send...

#Bitcoin #Crypto #Blockchain #Cybersecurity #SouthKorea
Bithumb Mistakenly Sends 620,000 Bitcoin ($40B) to Customer Accounts
A system error at Bithumb sent 620,000 Bitcoin worth about $40B to hundreds of users during a promotion, briefly disrupting prices and drawing scrutiny.
hackread.com
February 7, 2026 at 8:28 PM
alexdemen.bsky.social
The final payout from Upbit and Bithumb may increase after the compensation negotiations are finalized with the investors. Coinone, Korbit and Gopax are reportedly not liable for compensating crypto investors. 
January 24, 2025 at 12:28 PM
crazyjim.bsky.social
😆
South Korean crypto firm accidentally sends $44 billion in bitcoins to users • A South Korean cryptocurrency exchange, Bithumb, accidentally sent around $44 billion worth of bitcoins to customers as promotional rewards instead of a small cash amount. • Bithumb recovered 99.7% of the 620,000 bitcoins within 35 minutes of the erroneous distribution and restricted trading for the affected 695 customers. • Bithumb stated that the incident was not related to any external hack or security breach, and customer assets remain secure.
February 7, 2026 at 12:22 PM
cryptobriefing.com.web.brid.gy
Aptos launches APT staking on Bithumb with promotional campaign
APT staking on Bithumb enhances user engagement and could stabilize APT's value by aligning staking demand with a capped supply model. The post Aptos launches APT staking on Bithumb with promotional campaign appeared first on Crypto Briefing.
cryptobriefing.com
September 23, 2026 at 3:25 PM
alexdemen.bsky.social
Upbit agreed to pay 3.14 billion South Korean won ($2.1 million) as compensation for 596 cases related to the service downtime. Bithumb will pay 377.5 million won ($262,000) as compensation in 124 cases.
January 24, 2025 at 12:27 PM
reuters.com
Crypto firm accidentally sends $44 billion in bitcoins to users reut.rs/3ZnqKi3
Crypto firm accidentally sends $44 billion in bitcoins to users
South Korean cryptocurrency exchange Bithumb said on Saturday it had accidentally given away more than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange.
reut.rs
February 7, 2026 at 3:10 AM
alexdemen.bsky.social
Upbit, which usually has 100,000 concurrent users, had to cater to 1.1 million users after the martial law declaration. Other crypto exchanges, Bithumb and Coinone, also recorded more than 500,000 users each on the same day.
January 24, 2025 at 12:25 PM
web3isgoinggreat.com
Flow blockchain exploited for $3.9 million

December 27, 2025
https://www.web3isgoinggreat.com/?id=flow-infinite-mint-exploit
Flow blockchain exploited for $3.9 million The Flow blockchain suffered an exploit in which an attacker was able to mint a large number of wrapped FLOW tokens, which they then swapped to tokens on other blockchains. Ultimately around $3.9 million was stolen, and the FLOW token dramatically plunged in price. Some crypto exchanges, such as Upbit and Bithumb, halted withdrawals and deposits for FLOW after the exploit was discovered. Flow later confirmed the exploit, and said that validators "executed a coordinated halt" of the network to shut down the attack.
December 27, 2025 at 11:09 PM
techmeme.com
South Korean cryptocurrency exchange Bithumb says it accidentally sent $44B worth of bitcoin to customers as promotional rewards and has recovered 99.7% of it (Hyunjoo Jin/Reuters)

Main Link | Techmeme Permalink
February 7, 2026 at 3:35 AM
alexdemen.bsky.social
Due to the unexpected demand, the exchanges faced difficulties managing the user load, leading to downtime. While Upbit experienced 99 minutes of downtime, Bithumb and Coinone trading services were impacted for 62 minutes and 40 minutes, respectively. 
January 24, 2025 at 12:26 PM