Bithumb moves to seize assets over mistaken $8 million bitcoin dispute

What Happened

South Korean exchange Bithumb requested a court freeze on seven bitcoin worth approximately $8 million following a February payout error. The exchange mistakenly credited users with 620,000 bitcoin instead of 620,000 won during a promotion. Some users sold roughly 1,788 bitcoin before accounts were frozen. Bithumb recovered most coins but approximately $8 million remains unreturned. Legal experts say recipients must return assets under unjust enrichment laws.

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