S Korean crypto firm mistakenly transfers $40bn in bitcoin

A crowd of anxious cryptocurrency users gathers outside a South Korean firm’s office, discussing the unexpected  billion Bitcoin payout error that has sparked widespread concern and regulatory scrutiny.

The payout mistake has raised questions about the security and reliability of cryptocurrency exchanges, particularly in a market that has been under increasing regulatory pressure. Many users received notifications of the unexpected deposits, leading to a flurry of activity on the platform as individuals rushed to withdraw the funds. However, the company quickly froze transactions … Read more