RE: LeoThread 2026-02-08 00-18
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Bithumb to write off $9 million in Bitcoin losses after giveaway gaffe
Finance regulators reportedly launch probe at Bithumb offices. Company to compensate traders affected by Bitcoin price drops. Bithumb mistakenly handed out $40 billion in Bitcoin.
Finance regulators reportedly launch probe at Bithumb offices.
Company to compensate traders affected by Bitcoin price drops.
Bithumb mistakenly handed out $40 billion in Bitcoin.
The South Korean crypto exchange Bithumb says it will cover $9 million worth of losses with its own funds after a botched promotional event saw it hand out $40 billion worth of Bitcoin to its domestic customers on Friday.
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I also heard about the news. Sometimes I feel it was just a script for market manipulation. It may cover the $9M but what about the negative impact it brought in the market.
Whoa, handing out $40B in BTC by mistake? That's some next-level giveaway chaos—glad they're covering the losses, but regulators poking around should keep things honest