ExchangeDEX+

Buy Crypto Markets Spot FuturesGOLD Earn Event Center

South Korean authorities have launched an investigation into Bithumb after it mistakenly credited 620,000 BTC to users, adding to concerns about “paper Bitcoin”South Korean authorities have launched an investigation into Bithumb after it mistakenly credited 620,000 BTC to users, adding to concerns about “paper Bitcoin”

South Korea probes Bithumb after $43B ‘phantom’ Bitcoin payout

Author: Coinstats

Source: Coinstats

2026/02/10 19:01

1 min read

BTC$68,956.14-2.17%

NOT$0.0003837-4.57%

PAID$0.000748-43.07%

South Korean authorities have launched an investigation into Bithumb after it mistakenly credited 620,000 BTC to users, adding to concerns about “paper Bitcoin” and internal controls.

South Korea’s financial watchdog has opened an investigation into Bithumb after the exchange mistakenly credited hundreds of thousands of Bitcoin to user accounts that it did not actually hold.

South Korea probes Bithumb after $43B ‘phantom’ Bitcoin payout

The Financial Supervisory Service (FSS) has launched a probe into Bithumb for alleged platform violations around the erroneous crediting of billions of dollars in non-existent Bitcoin (BTC) to user accounts, Yonhap News reported Tuesday.

Bithumb acknowledged the incident on Saturday, saying the platform “incorrectly paid” 620,000 BTC ($42.8 billion) to users during a promotional event.

Market Opportunity

Bitcoin Price(BTC)

$68,991.07

$68,991.07$68,991.07

-0.41%

USD

Bitcoin (BTC) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.