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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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$47M Bitcoin Vanishes From South Korean Prosecutors’ Custody in Shocking Seizure Mishap

The Gwangju District Prosecutors’ Office recently discovered that the Bitcoin it had confiscated in a criminal case and stored as part of an investigation was no longer accessible, according to…

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South Korea’s Benchmark Index Hits Historic Milestone Despite Global Market Turmoil

South Korea’s Kospi index crossed the 5,000 mark for the first time on Jan. 22, defying global market turbulence caused by U.S. President Donald Trump’s Greenland takeover ambitions. Blue-Chip Surge…

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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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Korea University Blockchain Institute Partners With Injective as Validator in Global Ecosystem

Korea University’s Blockchain Research Institute has partnered with Injective, joining its global ecosystem as a validator to strengthen ties between academia and the blockchain industry. Validator Participation and Network Security…

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