Bithumb Bitcoin Blunder: $1.3B Error Sparks Probe Into Weak Financial Oversight
South Korea’s monetary authorities are dealing with criticism after failing to identify main flaws in Bithumb’s techniques that led to an unprecedented Bitcoin error. Despite repeated inspections by the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), a vulnerability remained that allowed a single worker to set off huge coin transfers with out…
