South Korean crypto exchange Bithumb accidentally distributed 620,000 BTC worth over $42 billion to users in February due to a manual input error during a promotional campaign. While most users returned the funds, some refuse, prompting Bithumb to seek court orders to freeze accounts holding about 7 BTC ($500,000) to recover the mistakenly sent Bitcoin. The incident exposed weak internal controls at Bithumb and led to significant market disruptions and regulatory scrutiny, causing the exchange to postpone its IPO to 2028. Bithumb plans to improve controls and establish a protection fund to prevent future issues.
Purecore Metals Inc. has signed a non-binding letter of intent with Skyharbour Resources to acquire an option to earn up to 100% interest in the Yurchison uranium property in Saskatchewan's Athabasca Basin. The property covers over 35,000 hectares an...
Shirofune has introduced Walmart Connect, an integration that allows advertisers and agencies to manage Walmart retail media campaigns alongside other digital channels within a single platform. This automation reduces manual bid adjustments and repor...
Point completed a $508.6 million rated asset-backed securitization of its Home Equity Investment (HEI) assets, marking the largest transaction ever in the HEI asset class. The deal attracted over 30 institutional investors and priced at significantly...
The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...
Red Light Holland, after acquiring Filament Health, has expanded its capabilities in pharmaceutical-grade psilocybin development. Filament completed a shipment of its botanical psilocybin drug candidate, PEX010, to the European Union to support multi...
