Crypto Safety

South Korean Regulator: $40B Bithumb Bitcoin Giveaway Shows Need for Stricter Rules

South Korea's top financial regulator said Monday that Bithumb accidentally distributed over $40 billion in bitcoin to customers, highlighting operational gaps in the crypto market and the need for tougher oversight.

Understanding Bitcoin Money Laundering Concerns in 2023 – cover image
Understanding Bitcoin Money Laundering Concerns in 2023

Bitcoin has seen record highs in value during 2023, but alongside its growth, concerns about money laundering schemes involving cryptocurrencies have increased. This post explores the implications and how platforms like Bitlet.app help promote safer crypto transactions.