Crypto Exchange's $40bn Bitcoin Error Sparks Market Chaos
South Korea's Bithumb accidentally gave away $40bn in Bitcoin due to system flaws, causing a 17% price drop and prompting urgent regulatory reviews.
Category : Cryptocurrency
Bithumb's $40bn Bitcoin Mistake Sparks Crisis and Investigation
Bithumb, South Korea's second-largest cryptocurrency exchange, accidentally sent 620,000 bitcoins worth $40bn to customers due to a staff error. The exchange is now racing to recover funds, with legal and financial repercussions unfolding.
Epstein's Crypto Ties Exposed in Newly Released Documents
Newly released US Justice Department files detail Jeffrey Epstein's early investments in Bitcoin and Coinbase, revealing his financial ties to major cryptocurrency firms despite his criminal conviction.
French Police Arrest Five in Crypto-Linked Magistrate Kidnapping
French authorities have arrested five individuals in connection with the kidnapping of a magistrate, a case believed to be linked to cryptocurrency-related criminal activities.
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Bithumb's $40bn Bitcoin Error Triggers Market Volatility
South Korean cryptocurrency exchange Bithumb mistakenly transferred over $40 billion in bitcoin to users, causing a brief selloff. The company has recovered 99.7% of the assets and will compensate affected customers.
Bithumb Recovers 99.7% of £32bn Bitcoin After Accidental Giveaway
South Korean crypto exchange Bithumb accidentally distributed over £32bn in Bitcoin to users as promotional rewards, causing a temporary market selloff before recovering most funds.
Crypto Crash Worsens Amid AI Investment Frenzy and Trump's Unfulfilled Promises
Bitcoin plunges below $65,000 as tech giants pour $650 billion into AI, overshadowing Trump's pledge to make America the crypto capital of the world. Investor confidence wanes amid regulatory uncertainty and market volatility.
Crypto Market Crash: Share Your Financial Impact Stories
As Bitcoin and Ether prices plummet, investors face significant losses. We're gathering personal accounts to understand the real-world effects of this digital currency downturn.
Bitcoin Crashes Below $67K, Loses Nearly Half Its Value Since Peak
Bitcoin's brutal crash deepens as price falls below $67,000, wiping out fortunes and challenging its 'digital gold' status. The cryptocurrency has lost nearly half its value since October's peak, with major firms like Strategy facing heavy losses.
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Bitcoin Dives 9% as Asian Markets Follow Wall Street Lower
Bitcoin plunged 9% to under $65,000, erasing gains since Trump's second term, while Asian shares mostly fell after Wall Street's tech-led sell-off. Key indices like Hong Kong's Hang Seng and Australia's ASX 200 dropped over 1%.
Bitcoin Hits Lowest Since Trump Re-Election as Crypto Crisis Deepens
Bitcoin prices have plummeted to their lowest point since Donald Trump's 2024 re-election, dropping 11% to $67,000 amid investor withdrawals and regulatory uncertainty. The cryptocurrency has lost nearly half its value since October's record high.
Bitcoin Hits Lowest Since Trump Re-Election as Crypto Crisis Looms
Bitcoin prices have slumped to their lowest level since Donald Trump's 2024 re-election, dropping 11% to $67,000 amid investor withdrawals and growing fears of a crypto bubble burst.
Bitcoin's 50% Drop in 3 Months Hits Corporate Investors Hard
Bitcoin's value has halved to $63,000 from its October 2025 peak of $126,000, causing significant losses for companies heavily invested in the cryptocurrency and sparking regulatory concerns in the US.
Jesus Return Odds Double on Crypto Prediction Platform
A cryptocurrency-based prediction market shows the odds of Jesus Christ returning before 2027 have doubled overnight, with over $900,000 in bets placed on this unusual theological question.
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NYC Mayor Criticizes Polymarket's Free Grocery Store Stunt
New York City Mayor Zohran Mamdani has responded sarcastically to cryptocurrency prediction market Polymarket's announcement of a temporary free grocery store, which appears to mimic his signature policy proposal for city-operated food markets.
Ethereum's Leadership Crisis Stalls Crypto's Second Coin
A leaked proposal to reshape Ethereum's leadership exposed deep divisions over politics and power, revealing how internal strife contributed to ether's stagnant price amid industry growth.
Bitcoin Plunge Wipes Billions Amid Fed Fears
Bitcoin's price has dropped below $70,000, its lowest since November 2024, erasing nearly $1.9 trillion from the crypto market amid concerns over Federal Reserve policy and institutional outflows.
Bitcoin Plunge Continues Amid Fed Balance Sheet Concerns
Bitcoin nears a fall below $70,000, hitting its lowest since November 2024, with a 7% weekly drop and 20% year-to-date decline, as Kevin Warsh's Fed nomination raises fears of balance sheet shrinkage.
Bitcoin Plunge Continues as Fed Nominee Sparks Market Rout
Bitcoin's value has plummeted below $71,000, with Ether also suffering significant losses as cryptocurrency markets react to the nomination of Kevin Warsh as Federal Reserve Chair.
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Teens Jailed for Snapchatting £3.4m Crypto Robbery
Three teenagers who posed as delivery drivers to steal £3.4 million in cryptocurrency were caught within hours after boasting on Snapchat. The gang, from Sheffield, were sentenced to 16 years total.
Gold Trump Statue for G20 Sparks Crypto Payment Row
A 22-foot gold-leaf statue of Donald Trump, commissioned by cryptocurrency investors for the G20 summit at Trump National Doral, is embroiled in a $90,000 payment dispute with the sculptor.
Meta Permits Illegal Crypto Gambling Ads Despite Acma Fines
Meta failed to act on reports against an Australian influencer promoting illegal offshore crypto-gambling to 820,000 followers, despite regulator warnings of $2.4m fines.
Trump Accused of Corruption Over UAE Crypto Deal
Donald Trump faces intense criticism after a $500m UAE investment into his family's cryptocurrency firm, raising unprecedented conflict of interest concerns.
Polymarket's Prediction Gambles: Insider Trading Concerns
Polymarket's prediction platform faces scrutiny as users profit from geopolitical events. Experts warn of insider trading risks and potential real-world manipulation.
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Coinbase Adverts Banned in UK Over Cost of Living Crisis
The UK's Advertising Standards Authority has banned Coinbase adverts for suggesting cryptocurrency could ease the cost of living crisis, calling them 'irresponsible' and trivialising risks.
Raygun's Brother Admits Crypto Scam Error in $180k Fraud
Brendan Gunn, brother of viral Olympic breakdancer Raygun, pleads guilty to handling over $180,000 from a cryptocurrency investment scheme that defrauded victims through celebrity-endorsed online offers.
Crypto Scam Lawsuit Collapses After Backers Withdraw
Jennifer McAdam's class action against OneCoin's 'Cryptoqueen' Ruja Ignatova has collapsed after financial backers pulled support, leaving victims devastated.
SEC Drops Lawsuit Against Winklevoss Twins' Gemini
The US Securities and Exchange Commission has dismissed its enforcement case against the Winklevoss twins' cryptocurrency exchange Gemini, following the full recovery of investor assets.
Caroline Ellison Released After FTX Fraud Testimony
Former FTX executive Caroline Ellison has been released from federal custody after serving about 14 months for her role in the multibillion-dollar cryptocurrency fraud scandal.
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Steak 'n Shake Announces Bitcoin Bonus for Employees
Steak 'n Shake will give hourly employees $0.21 in Bitcoin per hour worked, vesting after two years, as part of a new compensation initiative starting March 1.
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