Bithumb wins court rulings to reclaim mistakenly credited bitcoin proceeds
Bithumb sued users who sold bitcoin that was mistakenly credited to their accounts during a February promotional error and has won a second civil case. The Seoul Central District Court ordered a defendant to return about 194 million won in proceeds; the exchange filed four unjust enrichment claims after a staff member entered reward units as BTC instead of won, which briefly credited 620,000 BTC. Bithumb recovered most of the erroneous balances but is pursuing remaining proceeds in court while regulators probe its internal controls. The rulings may aid recovery but leave operational and regulatory questions for the planned 2028 IPO.
Court ordered return of about 194 million won in bitcoin sale proceeds.
Context
An employee entered the reward unit as BTC instead of won and customer accounts were wrongly credited. The exchange recovered most credits but some coins were sold and courts are ordering returns. Regulators are investigating internal…
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