South Korean regulator concludes probe into Bithumb payout error, weighs sanctions

South Korea's Financial Supervisory Service (FSS) has concluded its month-long on-site inspection of Bithumb after the exchange mistakenly distributed Bitcoin worth approximately 60 trillion won (about $43.5 billion), SBS Biz reported. The regulator is expected to determine the severity of sanctions following an internal review. The investigation reportedly focused on the circumstances of the so-called 'ghost coin' incident, where the amount of Bitcoin paid out significantly exceeded Bithumb's actual holdings, and on the exchange's internal control systems.