Bithumb Under Scrutiny Following $43 Billion Bitcoin Error Compensation

Bithumb faces regulatory investigations after a massive $43 billion Bitcoin giveaway. The exchange reveals a compensation strategy in response.

Authorities in South Korea are currently looking into Bithumb following a significant error that resulted in the exchange distributing $43 billion worth of Bitcoin to its users last week. The incident has caught the attention of regulators, prompting them to assess the implications of such a vast misallocation of funds.

In light of this unprecedented mistake, Bithumb has announced a compensation plan aimed at addressing the situation and managing the fallout from the error. The exchange's approach will likely include strategies to rectify the error and reassure both users and regulatory bodies about its operations moving forward.