South Korean MPs grill Bithumb CEO on February 11 over 620,000 BTC error

On February 11, Bithumb CEO Lee Jae-won faced South Korea's National Assembly over a mistaken transfer of 620,000 Bitcoin, reportedly worth around $40 billion. He said the exchange reconciles ledgers only once a day, while regulators urged real-time checks as 86 users sold 1,788 BTC in 35 minutes before accounts were frozen, causing brief price drops and forced liquidations.