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Bithumb sues users to recover 7 Bitcoin after $42B payout error in February

Market News
09 Apr 2026
Crypto news
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Bearish
pluang ai news

South Korean crypto exchange Bithumb has filed legal actions against users to recover 7 Bitcoin still missing after a massive payout error in February. The error mistakenly sent out 620,000 Bitcoin, worth about $42 billion, instead of a small reward, but Bithumb recovered 99.7% of the funds the same day. The remaining Bitcoin were covered by company reserves and now Bithumb is pursuing users who refused to return the funds, potentially facing civil lawsuits and criminal charges. This incident has led South Korean regulators to require stricter monitoring of crypto exchanges to prevent similar errors.

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