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Bithumb admits to ‘serious flaws’ that left internal systems vulnerable to potential sabotage

Bithumb admits to ‘serious flaws’ that left internal systems vulnerable to potential sabotage

2026-02-11

The South Korean crypto exchange’s CEO Le Jae-won said the lack of proper controls led to the erroneous transfer of bitcoin worth more than $40 billion to customers. Most has been recovered.

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