South Korea watchdog calls for stricter crypto rules after massive Bithumb giveaway
South Korea's watchdog chief says Bithumb's $40 billion bitcoin giveaway shows a need for better rules. The error highlights major crypto market risks.
Insights:
On February 9, 2026, the South Korea 
KR cryptocurrency sector was shaken by an unprecedented event at Bithumb , where the exchange unintentionally gave away more than $40 billion worth of bitcoins to its customers. This massive distribution has highlighted significant vulnerabilities within the national digital asset market and raised concerns about exchange operational controls.
KR cryptocurrency sector was shaken by an unprecedented event at Bithumb , where the exchange unintentionally gave away more than $40 billion worth of bitcoins to its customers. This massive distribution has highlighted significant vulnerabilities within the national digital asset market and raised concerns about exchange operational controls.
