BITHUMB KOREAN EXCHANGE SEND $40 BILLION IN BITCOIN BY MISTAKE.

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BITHUMB KOREAN EXCHANGES SEND $40 BILLION IN BITCOIN BY MISTAKE.

South Korean crypto exchange BITHUMB has mistakenly distributed 620,000 bitcoin worth over $40 billion instead of 620,000 won, briefly granting some users more than $120million.The resulting sell- off caused a 17% drop in bitcoin's price before trading was paused. Bithumb report $685,000 in losses but recovered most of the funds regulators have open an investigation after advisers called it a " catastrophic failure of internal control.

By wall street journal .

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