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Bithumb to write off $9 million in Bitcoin losses after giveaway gaffe
Yahoo Finance· 2026-02-08 10:53
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. But financial regulators are taking a dim view of the so-called fat finger error, and have launched an on-site inspection, South Korean newspaper Kookmin Ilbo reported. Their ire has been stoked by the fact that Bithumb was reportedly on the verge of implementing a system that would have ...