Bithumb Files to Seize Bitcoin From Holdouts After $43B Blunder

In brief Bithumb has filed provisional asset seizure applications through South Korean courts to recover 7 BTC worth $496,000 from holdout users. The legal action follows a February trading system error that mistakenly distributed 620,000 BTC worth over $43 billion to user accounts. South Korea’s Financial Services Commission has mandated five-minute balance reconciliation for all…

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