Regulators call the incident catastrophic and parliament plans hearings.
The case raises wider concerns about controls, safeguards, and human error across #crypto markets.
South Korea’s second-largest cryptocurrency exchange, @BithumbOfficial mistakenly credited customers with 620,000 #Bitcoins during a promotional campaign.
An employee entered #Bitcoin instead of Korean won, turning a $USD 423 giveaway into $USD 42 billion.
Some customers sold #coins before accounts were frozen, triggering brief price drops📉. #Bithumb has reversed most entries but about $USD 9 million remains unrecovered.
The #exchange is urging voluntary returns to avoid lawsuits, as legal outcomes remain unclear.
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Saudi Arabia has launched a unique initiative to issue official passports for camels, aiming to regulate 1 of the kingdom’s most prized & traditional sectors. Officials say d move will help organise camel sales, transport & trade, curb fraud & improve health tracking acrossHerds.