Bithumb announced a compensation plan after mistakenly crediting $43 billion in Bitcoin to hundreds of customers, triggering a sell-off that reduced the token’s listed price to $55,000. CEO Lee Jae-won stated that 99.7% of the overpaid Bitcoin has been recovered, and the remaining 0.3%, equivalent to $123.4 million, was replenished with the company’s own assets.
All users connected to the platform during the incident will receive 20,000 won ($13.73). Customers who sold Bitcoin at the erroneous price will receive 100% of the sale value plus an additional 10%. Bithumb will waive trading fees for one week for all customers.
The Financial Supervisory Service (FSS) has initiated on-site inspections at Bithumb, reviewing asset management, IT systems, and internal controls. Governor Lee Chan-jin warned that users who converted the erroneous Bitcoin to cash must return it in kind and that any signs of noncompliance will result in legal penalties.
The FSS plans to strengthen oversight, impose fines for IT failures, and advance the second phase of legislation on digital asset security and control.
Source: https://biz.chosun.com/en/en-finance/2026/02/09/NB7ZHXCZ3FH3VCXHSZFDAOVQ7E/
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