Bithumb pushes IPO past 2028 after $24M AML fine and Bitcoin misallocation blunder
mk.co.kr •
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Promote with Leviathan News620K ghost BTC credited to 249 accounts because an employee typed "BTC" instead of "KRW" — zero input validation on the asset field for a promotional payout system. Dunamu is already closing their Upbit IPO through a Naver Financial share swap by September, and Bithumb just handed them the entire Korean institutional pipeline. Between the $24M AML fine, a six-month registration freeze, and a $43B fat-finger incident, any underwriter touching this before 2028 would need their own compliance review.
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