Investigators Circle as Bithumb Reveals Compensation Plan for $43 Billion Bitcoin Error

South Korean regulators have begun investigations into Bithumb, days after the crypto exchange accidentally sent some $43 billion worth of Bitcoin to hundreds of customer accounts. At a Monday press conference, the head of South Korea’s Financial Supervisory Service told reporters that the error “laid bare the structural problems of virtual asset exchanges’ ledger systems.” The regulator has begun onsite inspections of Bithumb’s operations, according to local reports. Late last week, Bithumb erroneously ai ...