The exchange said it managed to recover the majority of the miscredited assets, with only 125 Bitcoin valued at $8.6 million remaining unrecovered out of the total 620,000 Bitcoin.

South Korea Crypto News

South Korean lawmakers are calling for stronger regulatory oversight of the country’s digital asset market after crypto exchange Bithumb mistakenly credited customers with Bitcoin it did not hold, an error that briefly triggered a rush to sell and raised fresh questions about existing safeguards.

During a promotional event on Feb. 6, Bithumb credited 2,000 Bitcoin per user instead of the intended 2,000 Korean won ($1.40), distributing a total of 620,000 Bitcoin that the exchange did not actually hold. The exchange said it managed to…