South Korean Lawmakers Slam Regulators Over Bithumb's $43 Billion Bitcoin Blunder

In brief

• Lawmakers in South Korea are intensifying scrutiny on financial regulators that missed a structural issue that led to $43 billion in Bitcoin being credited erroneously to Bithumb accounts.
• The error saw up to 2,000 BTC credited to hundreds of user accounts on the exchange before being mostly clawed back.
• The exchange rectified the issue within minutes, but still saw a flash crash in Bitcoin’s price and lost more than $100 million in the incident.