Bithumb yet to finalize details for customer protection fund announced in Feb

South Korean crypto exchange Bithumb has yet to release a concrete blueprint for the 100 billion won ($74 million) customer protection fund it announced in February, ZDNet Korea reported on May 20. The exchange pledged to establish the permanent fund following an incident involving the incorrect distribution of Bitcoin. To date, details regarding the fund's creation timeline, accumulation method, and operational standards have not been made public. In response, Bithumb stated that it is currently preparing the fund's structure and is considering the overall situation.