South Korean lawmakers questioned Bithumb’s CEO over a “ghost Bitcoin” incident involving an erroneous distribution of Bitcoin to users. During a parliamentary session, officials pressed the exchange on internal controls, risk management and investor protection measures following the costly mistake. Bithumb said it had recovered most of the funds and pledged full compensation for affected users. Regulators signaled stricter oversight of crypto exchanges, highlighting concerns about operational failures and the need for stronger safeguards in South Korea’s digital asset market.