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 …
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blunder
South Korean crypto exchange Bithumb said it mistakenly distributed more than $40 billion worth of Bitcoin to customers during a promotional rewards event, triggering sharp price volatility last week for bitcoin’s price. The exchange …
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Paxos’ $300tn stablecoin blunder sparks confusion amid firm’s trust charter bid – DL News
by adminby adminPaxos accidentally minted $300 trillion of PayPal’s stablecoin. It’s not clear how the firm made such a colossal mistake. The firm applied for a banking charter in August. Paxos’ erroneous creation of trillions worth …
DeFi Market
Judge to rule next month if Nigeria can sue Binance for $81bn after email blunder – DL News
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by admin
Binance is accused of $81 billion in economic distortion. The exchange is also facing two other criminal cases in Nigeria. Nigeria has been prosecuting Binance since 2024. Six months after accusing Binance of inflicting …
