Bithumb Security Breach: Exchange Admits Serious System Flaws and Internal Sabotage Risks

South Korean cryptocurrency exchange Bithumb has publicly acknowledged the existence of "serious flaws" within its internal systems. These vulnerabilities, as reported, could have potentially allowed for internal sabotage, raising significant security concerns. The admission highlights ongoing security challenges for major trading platforms. This news follows increased regulatory scrutiny on crypto exchanges in South Korea and globally, emphasizing the need for robust internal controls and cybersecurity measures to protect user assets and maintain market integrity.