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South Korea watchdog says $40 billion giveaway shows new rules needed to tackle crypto risks

Written By: TDG Syndication
Last Updated: February 9, 2026 11:50:02 IST

SEOUL, Feb 9 (Reuters) – The chief of South Korea's financial market watchdog said on Monday local exchange Bithumb's unintentional giveaway of more than $40 billion worth of bitcoins to customers raises the need for improved regulations to address the vulnerabilities of cryptocurrencies. (Reporting by Jihoon Lee; Editing by Muralikumar Anantharaman)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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