Bithumb Wins Back‑to‑Back Suits on 620,000 BTC Credit Error
TL;DR
- Bithumb won two first-instance rulings at the Seoul Central District Court against users who sold erroneously credited BTC.
- The exchange mistakenly credited 620,000 BTC valued at over $40 billion in February 2026; it recovered 99.7% of the total.
- Two additional lawsuits for approximately ₩14.8 million and ₩500 million remain pending judicial resolution.
The South Korean exchange Bithumb won two consecutive first-instance rulings at the Seoul Central District Court, as part of the four civil lawsuits it filed in March 2026 against users who sold Bitcoin erroneously credited to their accounts.
Both rulings, handed down on Wednesday and Thursday of this week, are the culmination of the exchange’s strategy to recover the funds lost following one of the most costly operational errors on record in the crypto industry.
Thursday’s ruling corresponded to a claim of ₩194 million (approximately $140,000), while Wednesday’s addressed a dispute of ₩5 million (around $3,600). Both cases had to be processed through public notice service, as judicial documents could not be delivered to the defendants through ordinary channels. Two additional lawsuits, for ₩14.8 million and ₩500 million respectively, remain pending.
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