The financial authorities have launched on-site inspections of four other exchanges—Upbit, Coinone, Korbit, and Gopax—following the "Bitcoin mispayment incident" caused by Bithumb.
According to materials the Financial Services Commission, the Financial Intelligence Unit (FIU), and the Financial Supervisory Service submitted to the National Policy Committee on the 11th, the financial authorities will begin sequential on-site inspections of exchanges other than Bithumb under the lead of an "emergency response team" the same day. The goal is to review their asset verification systems and overall internal controls. The financial authorities the previous day abruptly converted the on-site inspection of Bithumb into an investigation.
On the 7th, the Financial Services Commission (FSC), the FIU, the Financial Supervisory Service (FSS), and DAXA formed an emergency task force to serve as a control tower for the response of related agencies to the Bithumb incident. Based on the results of on-site inspections of the exchanges, the authorities plan to improve DAXA's self-regulation going forward and review whether to reflect the details in the second-phase digital asset law.
At 7 p.m. on the 6th, Bithumb, through its own "Random Box" event, tried to award prize money to participating users but, due to an employee's mistake, entered the unit as "Bitcoin" instead of "won." The total 620,000 won intended for 249 people was mistakenly paid as 620,000 Bitcoins.
Bithumb said it immediately canceled most of the mistakenly paid Bitcoins—618,212 coins—but failed to recover the rest. That portion corresponds to the sales by 86 investors who sold the mispaid Bitcoins.