South Korean financial regulators are facing intense scrutiny after a catastrophic error at crypto exchange Bithumb exposed profound failures in both corporate controls and government oversight. A mistaken promotional event led to the system registering a distribution of 620,000 Bitcoin—a figure over 14 times the exchange’s actual holdings—revealing vulnerabilities that multiple official inspections had missed. This incident has triggered a sweeping investigation into the nation’s crypto sector and cast serious doubt on the effectiveness of its regulatory framework.
about South Korea Probes Bithumb's $1.3B Bitcoin Error, Exposing Regulatory Gaps
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Generated 4 posts last week South Korea Probes $43B Bithumb Bitcoin Error, Regulatory Gaps
South Korean lawmakers are intensifying scrutiny on financial regulators after a staggering $43 billion Bitcoin accounting error at crypto exchange Bithumb exposed what critics call systemic weaknesses and “complacent supervision.” The incident, which saw 2,000 BTC erroneously credited to user accounts, triggered a flash crash and over $100 million in losses, raising fundamental questions about oversight in the nation’s virtual asset market.
about South Korea Probes $43B Bithumb Bitcoin Error, Regulatory GapsAltcoin Sell Pressure Hits $209B as Investors Flee to Stablecoins
The altcoin market is experiencing its most severe capital exodus in five years, with cumulative selling pressure reaching a staggering -$209 billion as investors abandon speculative positions en masse. This dramatic shift, which has seen net selling plummet from near-zero levels in January 2025, coincides with a massive concentration of stablecoin liquidity on Binance, where $47.5 billion—roughly 65% of all exchange liquidity—now sits parked. Analysts warn this signals a defensive ‘wait-and-see’ market posture and foreshadows a Darwinian shakeout where only cryptocurrencies with genuine utility and adoption will survive the coming filter.
about Altcoin Sell Pressure Hits $209B as Investors Flee to StablecoinsAlgorithmic XRP Seller Dumps $5B on Upbit Over 10 Months
A crypto researcher has uncovered what appears to be a persistent algorithmic seller offloading billions of XRP on South Korea’s Upbit exchange. The seller has moved an estimated 3.3 billion XRP over ten months, creating a $5 billion one-directional selling pipeline. This activity suggests venue-specific dynamics rather than global market sentiment driving the flows.
about Algorithmic XRP Seller Dumps $5B on Upbit Over 10 MonthsBitcoin Nears Undervalued Zone as Key Metrics Signal Accumulation
Bitcoin is approaching a historically significant valuation threshold that has often signaled compelling entry points for long-term investors. According to analysis from CryptoQuant contributor Crypto Dan, the cryptocurrency’s MVRV ratio is nearing levels associated with market “undervaluation” following a four-month decline from its October 2025 all-time high. While this suggests a potential shift from distribution to accumulation phases, analysts caution that this cycle exhibits structural differences that may alter traditional bottoming patterns.
about Bitcoin Nears Undervalued Zone as Key Metrics Signal AccumulationSouth Korea Jails Crypto CEO in First Virtual Asset Law Case
In a landmark ruling that signals South Korea’s hardening stance on cryptocurrency market abuse, the Seoul Southern District Court has sentenced Jong-hwan Lee, CEO of a crypto asset management firm, to three years in prison for manipulating the price of ACE cryptocurrency. This first-ever enforcement under the country’s new Virtual Asset User Protection Act coincides with a separate, high-profile investigation into the disappearance of nearly $48 million in seized Bitcoin from prosecutors’ custody, together exposing the profound regulatory and security challenges facing the nation’s digital asset ecosystem.
about South Korea Jails Crypto CEO in First Virtual Asset Law CaseBithumb’s $95B Bitcoin Error Triggers Flash Crash
A South Korean cryptocurrency exchange mistakenly credited users with billions in Bitcoin instead of small cash rewards, triggering a flash crash on its platform. The error was corrected within minutes, but not before users sold over $2 billion worth of phantom Bitcoin. The incident highlights the risks of internal ledger errors in centralized exchanges.
about Bithumb's $95B Bitcoin Error Triggers Flash CrashBithumb Flash Crash Exposes Bitcoin L2 Need; $HYPER Presale Hits $31M
A sudden, violent flash crash on South Korea’s Bithumb exchange, sparked by rumors of a 2,000 BTC airdrop error, has laid bare the critical liquidity vulnerabilities plaguing centralized crypto trading venues. This high-velocity event, which saw order books evaporate and the famed ‘Kimchi Premium’ briefly invert, is accelerating a capital rotation away from volatile spot markets and toward infrastructure projects that solve Bitcoin’s foundational speed and cost limitations. At the forefront of this shift is Bitcoin Hyper ($HYPER), a protocol leveraging Solana’s technology to build a high-speed Layer 2 for Bitcoin, whose presale has surged past $31 million on the back of this compelling narrative.
about Bithumb Flash Crash Exposes Bitcoin L2 Need; $HYPER Presale Hits $31MXRP’s ‘Washout’ Phase Could Precede Rally to $30, Analyst Says
A prominent Elliott Wave analyst argues that XRP is undergoing a final ‘washout’ phase within a broader corrective structure, which could set the stage for a significant upward move. According to the analysis, this emotional liquidation phase may need to complete before XRP can begin a new macro advance toward $20–$30. The framework hinges on key Fibonacci extensions and wave psychology to identify potential reversal zones.
about XRP's 'Washout' Phase Could Precede Rally to $30, Analyst SaysBitcoin Hits 9-Month Low in Cross-Asset Liquidation Crisis
Bitcoin plunged to its lowest level since April 2025 on Monday, dragged down by a severe and synchronized sell-off that swept across cryptocurrencies, commodities, and global equities. The downturn, described by analysts as a cross-asset liquidation event, reflects a broad flight from risk that saw traditional safe havens like gold tumble alongside speculative assets. With over $700 billion erased from the total crypto market capitalization in just two weeks, the crash appears driven by excessive leverage and liquidity pressures rather than a single geopolitical or macroeconomic trigger, signaling deep-seated investor anxiety.
about Bitcoin Hits 9-Month Low in Cross-Asset Liquidation CrisisRiver Token Soars 2,000% Amid Crypto Downturn: Rally or Risk?
While the broader cryptocurrency market, including Bitcoin (BTC) and Ethereum (ETH), has faced significant declines, the River (RIVER) token has staged a breathtaking rally, surging over 2,000% in just 30 days. This meteoric rise has propelled RIVER into the top 100 cryptocurrencies by market capitalization, overtaking established altcoins like Worldcoin (WLD) and Ondo (ONDO). However, this staggering ascent is shadowed by stark warnings of extreme token concentration and potential market manipulation, framing a classic crypto narrative of explosive growth versus impending peril.
about River Token Soars 2,000% Amid Crypto Downturn: Rally or Risk?South Korean Prosecutors Lose $47M Bitcoin in Phishing Scam
In a stunning security failure, South Korean prosecutors have lost custody of approximately $47.7 million worth of seized Bitcoin, with investigators pointing to a suspected phishing attack as the cause. The incident at the Gwangju District Prosecutors’ Office reveals critical vulnerabilities in how government agencies safeguard confiscated digital assets and underscores the persistent, sophisticated threat phishing poses to crypto security worldwide.
about South Korean Prosecutors Lose $47M Bitcoin in Phishing Scam