South Korea crypto exchange Bithumb says system flaws led to $40 billion error


The logo of Bithumb is seen at its cryptocurrencies exchange in Seoul, South Korea, January 11, 2018. REUTERS/Kim Hong-Ji

SEOUL, Feb 11 (Reuters) - ⁠South Korea's Bithumb said on Wednesday that serious flaws had left ⁠the crypto exchange's internal system susceptible to potential sabotage and ‌failed to prevent an erroneous transfer of more than $40 billion in assets last week.

The country's second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a ​promotional event, instead of 620,000 won ($426), triggering a ⁠17% slump in bitcoin's price.

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