Bithumb $43 Billion Bitcoin Blunder Triggers Political Backlash In South Korea

South Korean lawmakers are ramping up pressure on

Bithumb  Billion Bitcoin Blunder Triggers Political Backlash In South Korea

Bithumb $43 Billion Bitcoin Blunder Triggers Political Backlash In South Korea

South Korean lawmakers are ramping up pressure on financial regulators after a system failure at Bithumb, the country’s largest cryptocurrency exchange, led to the accidental distribution of more than $43 billion worth of Bitcoin (BTC) earlier this month.

The daily chart shows BTC’s consolidation between $65,000 and $69,000 over the past week. Source: BTCUSDT on TradingView.com

At the time of writing, Bitcoin was trading at $67,763, marking a 2% decline over the past seven days and showing minimal change since Thursday’s trading session. 

Featured image from OpenArt, chart from TradingView.com 

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