Incident Overview and Compensation Plan
Recently, South Korea’s leading cryptocurrency exchange Bithumb released a detailed resolution plan regarding the accidental transfer of 620,000 BTC on February 6. According to the announcement, affected users will receive 110% compensation, with estimated losses reaching around 1 billion KRW for the exchange.
Enhanced Security and User Protection Measures
To prevent future occurrences, Bithumb announced significant upgrades to its internal control systems, including improved asset verification, multi-level approval workflows, enhanced AI monitoring for suspicious transactions, and comprehensive system audits conducted by global cybersecurity experts.
- 20,000 KRW compensation for all users logged in during the incident
- 7-day zero-fee trading promotion for all users
- Establishment of a 100 billion KRW customer protection fund
These initiatives aim to reinforce platform security, rebuild user trust, and ensure the safety of customer assets.