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

Published:

February 11, 2026

Reading time: Less than 1 min.

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.

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

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