TechFlow News: On February 7, according to an official announcement, South Korean cryptocurrency exchange Bithumb released a comprehensive compensation plan for the “accidental issuance of 620,000 BTC” incident that occurred on February 6. Bithumb pledged to provide affected customers with special compensation amounting to 110% of their losses, estimated at approximately 1 billion KRW.
The announcement states that Bithumb will strengthen its internal control systems, including upgrading its asset verification system, refining its multi-tiered approval process, enhancing its AI-powered abnormal transaction detection and automatic blocking system, and conducting system audits through globally recognized security professional organizations.
Additionally, Bithumb will compensate all users who logged in during the incident period with 20,000 KRW, offer seven days of zero-fee trading to all users, and establish a “Customer Protection Fund” with a capitalization of 100 billion KRW to ensure the safety of customer assets.
