Bithumb Acknowledged Internal System Vulnerabilities.

Bithumb acknowledged that serious vulnerabilities within its internal system led to the accidental transfer of approximately 40 billion dollars worth of Bitcoin to customers. It was noted that the planned payments were only 428 dollars.

This error caused the price of Bitcoin on Bithumb to drop by 17%. Additionally, the South Korean Financial Supervisory Service has launched an investigation. This situation also highlighted existing deficiencies in asset matching and account segregation controls for the exchange.

Although most of the Bitcoin has been recovered, 1,786 Bitcoin sold before the accounts were frozen are still missing. This situation deepens regulatory concerns about weak oversight in one of the world's busiest cryptocurrency markets.