Technology

South Korean exchange's $40B Bitcoin mistake casts pall over country's fledgling crypto legislation — staffer fat-fingered 620,000 BTC instead of Korean Won

Source

Tom's Hardware

Published

Feb 11, 2026

TL;DR

AI Generated

A South Korean crypto exchange, Bithumb, mistakenly issued 620,000 BTC instead of Korean Won in a promotion, causing a $40 billion error. The incident led to a temporary windfall for some users and a 17% drop in the exchange's BTC/KRW pair. Bithumb managed to reverse most transactions and is pursuing legal action against those who didn't return the funds. The event highlighted regulatory concerns in South Korea's evolving crypto landscape, as the country moves towards fully legalizing cryptocurrency trading. The incident also raised questions about detection mechanisms for such errors in exchanges.

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South Korean exchange's $40B Bitcoin mistake casts pall over country's fledgling crypto legislation — staffer fat-fingered 620,000 BTC instead of Korean Won

TL;DR

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Lexar regional manager says that RAM prices are expected to double by the end of the year — 'discounts' and stabilized prices result from distributors getting rid of old stock or sourcing products from other regions

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South Korean exchange's $40B Bitcoin mistake casts pall over country's fledgling crypto legislation — staffer fat-fingered 620,000 BTC instead of Korean Won

TL;DR

Similar Articles

Lexar regional manager says that RAM prices are expected to double by the end of the year — 'discounts' and stabilized prices result from distributors getting rid of old stock or sourcing products from other regions

Taiwanese startup FormulaV Line wants to break into US market with two new unique cases — company expects products to become available on Newegg later this year

G.Skill explains how AMD EXPO ULL unlocks additional performance — expanded profiles allow memory makers to include subtiming tweaks for the first time

Huawei-led team claims it post-trained DeepSeek's 1.6-trillion-parameter model — 1,000 Ascend 910C chips used in training