South Korea probes Bithumb after $43B ‘phantom’ Bitcoin payout

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South Korea probes Bithumb after $43B ‘phantom’ Bitcoin payout

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South Korea probes Bithumb after $43B ‘phantom’ Bitcoin payout

Tue Feb 10 2026

Cryptocurrency

Finance

Government

cointelegraph.com

South Korean authorities launched an investigation into Bithumb after it mistakenly credited 620,000 BTC to users, adding to concerns about “paper Bitcoin” and internal controls.