South Korean crypto exchange Bithumb mistakenly distributed about $195 million worth of Bitcoin to users due to an internal system error. The incident occurred during a routine operational process, leading some users to receive BTC they were not entitled to. Bithumb quickly identified the mistake and began working with recipients to recover the funds, warning that failure to return the assets could result in legal action. The exchange said no customer data was compromised and apologized for the incident, citing strengthened internal controls to prevent a recurrence.