South Korea crypto exchange Bithumb says system flaws led to $40 billion error

By Jack Kim SEOUL, Feb 11 (Reuters) - South Korea's Bithumb said on Wednesday that serious flaws had left the crypto exchange's internal ‌system susceptible to potential sabotage and failed to prevent an erroneous ‌transfer of more than $40 billion in assets last week. The country's second-largest virtual asset exchange said ​it accidentally gave away about 620,000 bitcoin (BTC-USD) to customers during a promotional event, instead of 620,000 won ($426), triggering a 17% slump in bitcoin's price. Bithu ...