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Bithumb’s Accidental $44 Billion Bitcoin Overpayment Triggers Sudden Inspection, Scrutiny of Internal Controls

South Korea’s Financial Supervisory Service launches a formal inspection of Bithumb over a $44 billion bitcoin overpayment accident and possible custody and control failures. The Financial Supervisory Service (FSS) escalates…

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South Korean Financial Regulator to Probe Crypto Market Manipulation, Impose Penalties for IT Failures

South Korea’s Financial Supervisory Service announced a planned targeted investigation into high‑risk crypto market manipulation tactics — including large “ whale” trades, exchange withdrawal halts used to rig prices, API‑based…

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South Korea’s Bithumb Exchange Accidentally Sends $44 Billion in Bitcoin to Users

South Korean cryptocurrency exchange Bithumb mistakenly distributed approximately 620,000 bitcoins, worth around $44 billion, to 695 customers during a promotional event. The company quickly acted to restrict trading and withdrawals,…

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Upbit Towers Over Rivals as South Korea’s Primary Crypto Liquidity Hub, Research Finds

Liquidity on South Korea’s cryptocurrency exchanges looks deceptively simple on the surface, but Kaiko Research finds that beneath the headline volumes lies a far more nuanced—and occasionally unforgiving—market structure. South…

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