Bithumb 620K BTC Error: Lawsuit for 7 BTC

South Korea’s Bithumb has filed court-approved provisional attachment actions to recover 7 BTC that remain unrecovered after a February promotion mistakenly sent 620,000 BTC instead of 620,000 won. Bithumb recovered 99.7% of the funds the same day and covered the remainder from reserves. The incident prompted the Financial Services Commission to require exchanges to reconcile assets every five minutes, raising operational standards across the sector. Market-wise, Bitcoin continues to show ETF-driven inflows (USD 335.8m on April 22, 2026) supporting price momentum despite mixed technical signals (Supertrend bearish; RSI/EMA indicating uptrend). The legal action and tighter reconciliation rules could increase scrutiny and reduce operational risk for crypto markets, while ETF flows remain a positive near-term support for BTC.