Global players call for stronger crypto risk controls at Bithumb
A man walks past a Bithumb customer lounge in Seoul, Monday. Yonhap
HONG KONG — Global crypto players called on Bithumb to establish robust internal systems that match traditional finance standards on Tuesday, echoing domestic sentiment that the exchange’s “ghost bitcoin” incident was human error compounded by weak internal controls.
Chandan Gupta, an Indian crypto analyst and trader, said the incident can’t simply be blamed on a single employee error. “In any mature financial system, a single action should never trigger direct payouts of such scale. There should be proper payout caps, multilayer approvals and security checks.”
Jimmy Xue, chief operating officer and co-founder of Axis, a quantitative yield protocol, said the…
