Korean crypto exchange Bithumb's bitcoin flop draws regulatory scrutiny

SEOUL, February 07 (AJP) -South Korea’s financial authorities moved swiftly Saturday after a major operational error at crypto exchange Bithumb led to the mistaken distribution of hundreds of thousands of bitcoins, triggering market volatility and raising fresh concerns over risk management in the digital asset sector. The Financial Services Commission (FSC) convened an emergency meeting at the Gover

Bithumb accidentally sends 620,000 bitcoin to users in reward glitch

SEOUL, February 07 (AJP) - South Korean cryptocurrency exchange Bithumb mistakenly distributed 620,000 bitcoin — worth about 244 trillion won ($170 billion) — to 249 users after an employee entered "bitcoin" instead of "won" while processing a promotional reward event. The exchange had intended to give out a total of 620,000 won (

Naver CEO apologizes after glitch exposes anonymous Q&A histories of 15,000 public figures

SEOUL, February 07 (AJP) - Naver CEO Choi Soo-yeon issued a formal apology after a software update inadvertently exposed the anonymous question-and-answer histories of about 15,000 celebrities, athletes and politicians registered on the platform's people search database. The breach, which occurred between Feb. 3 and 4 during a routine update to Nave