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Crypto Exchange Error Briefly Makes Bitcoin Users Multi-Billionaires

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A South Korean cryptocurrency exchange accidentally credited users with more than $40 billion in Bitcoin during a promotional giveaway, briefly turning ordinary customers into nine-figure holders.

The incident at Bithumb, the country’s second-largest crypto exchange, sent shockwaves through South Korea’s digital-asset market.

The error occurred on February 6, when an employee distributing prizes totaling 620,000 Korean won (about $425) for a “random box” promotion mistakenly entered the amounts in Bitcoin instead of won.

This misstep resulted in 620,000 bitcoins being credited across hundreds of accounts — far exceeding the exchange’s actual reserves. At the time, the amount was worth more than $40 billion, The Guardian reported.

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Only 249 of the 695 eligible customers opened their prize boxes and received the erroneous credits, according to regulators.

“Catastrophic” was how Lee Chan-jin, governor of South Korea’s Financial Supervisory Service (FSS), described the situation, especially for those who sold the Bitcoin and faced potential losses when prices changed.

Bithumb moved quickly once it detected the mistake. Trading and withdrawals were halted within about 35 minutes.

Bithumb Recovers Most Bitcoin After Glitch

However, some users managed to sell approximately 1,788 bitcoins before controls were fully in place, briefly triggering a 15% to 17% drop in Bitcoin prices on the platform.

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Some of the proceeds were withdrawn to bank accounts, while others were used to buy different cryptocurrencies.

According to the NY Post, Bithumb has since recovered 99.7% of the mistakenly credited Bitcoin through internal ledger corrections and persuading users to return the funds.

Roughly 125 bitcoins, valued at about $9 million, remain unrecovered. The exchange has pledged to absorb the loss and emphasized that the incident was not the result of hacking or a security breach.

“We want to make it clear that this matter has nothing to do with external hacking or security breaches, and there is no problem with system security or customer asset management,” the company said in a statement.

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The FSS has launched a full investigation, and South Korea’s parliament scheduled an emergency hearing to question both Bithumb and financial authorities.

Originally published on vcpost.com

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Sheriff Says Investigators ‘Closer’ to Identifying Suspect in High-Profile Case

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The search for Nancy Guthrie, the 84-year-old mother of NBC “Today” show co-host Savannah Guthrie, entered its 33rd day on March 5, 2026, with authorities reporting progress in the investigation into her apparent abduction from her Tucson-area home on Feb. 1.

Savannah Guthrie & Nancy Guthrie
Savannah Guthrie & Nancy Guthrie

Pima County Sheriff Chris Nanos told NBC News in an interview that investigators “are definitely closer” than ever to identifying a suspect or suspects. The sheriff emphasized ongoing forensic work, including DNA analysis from multiple evidence items, and review of hundreds of hours of surveillance footage. While no arrests have been made, Nanos described the case as active and advancing, with a dedicated task force including four detectives, a sergeant and FBI personnel assigned full-time.

The case has gripped national attention since Nancy Guthrie vanished after a family dinner on Jan. 31. She was reported missing the next day. Authorities believe she was taken against her will, citing drops of blood found on her front porch and doorbell camera footage showing a masked individual near the property. No ransom demands have been confirmed, and investigators have ruled out certain theories while pursuing all leads.

Recent developments include clarification on physical evidence. On March 4, the Pima County Sheriff’s Department confirmed that DNA from a pair of black gloves found about two miles from the home traced back to a local restaurant employee unrelated to the case. Sheriff Nanos explained the gloves matched ones worn by the figure in surveillance video but belonged to someone working across the street from where they were recovered. “The owner of the glove, we found working at a restaurant across the street,” Nanos said, stressing the item “has nothing to do with the case.” Other gloves recovered during the investigation were sent to a Florida lab for further DNA testing, with results pending due to challenges in separating mixed samples.

The family has offered a $1 million reward for information leading to Nancy Guthrie’s safe return, a figure announced in late February. Savannah Guthrie, her sister Annie and brother-in-law Tommaso Cioni visited the home earlier this week in their first public appearance there since the disappearance began. They placed yellow flowers at a growing memorial site featuring ribbons, crosses, prayers, a “Let Nancy Come Home” sign and an angel statue. The emotional scene underscored the family’s ongoing anguish and hope.

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Savannah Guthrie visited the “Today” show studios on March 5 to thank colleagues for their support during her extended absence from the air. An NBC spokesperson said she remains focused on family and the search effort but plans to return on air when ready. “Everyone loves you. And whenever you’re ready, we are here,” the network affirmed.

Public interest has spurred volunteer proposals. The United Cajun Navy submitted a detailed 41-page operational plan for expanded searches using thermal drones, 25 specialized canines and coordinated desert grid sweeps. NewsNation reported the plan awaits approval from the Pima County Sheriff’s Office, which has not yet responded after nearly a week. The proposal reflects community desire to assist amid the month-long effort.

Media coverage has highlighted the case’s broader implications, with opinion pieces noting intense attention on high-profile disappearances and calls for equitable focus on all missing persons cases. The Pima County Sheriff’s Office continues urging the public to report any relevant information, emphasizing verified tips’ value.

As the investigation progresses into its second month, authorities maintain hope for a resolution. The sheriff’s confidence in closing in on leads offers a measure of optimism for the Guthrie family and supporters nationwide. Nancy Guthrie remains missing, and the search for answers continues in the Catalina Foothills community.

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The ordeal has prompted widespread prayers and vigils, with yellow ribbons appearing across Tucson and beyond. Family statements stress gratitude for law enforcement and public support while pleading for any information that could bring Nancy home.

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Wall Street closes down as oil prices spike on Mideast

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Wall Street closes down as oil prices spike on Mideast

US stocks closed down on Thursday as the Middle East conflict entered its sixth day, pushing oil prices higher and spurring worries about ‌inflation and whether the Federal Reserve will cut interest rates.

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One in 7 shops in UK has turned cashless in the past year, survey finds

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One in 7 shops in UK has turned cashless in the past year, survey finds

Some 14% of small High Street traders have gone card-only in the last year, a survey suggests.

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Global Market Today | Asian stocks drop as war drags on, crude oil falls

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Global Market Today | Asian stocks drop as war drags on, crude oil falls
Asian equities fell on Friday, leaving markets on track for their steepest weekly loss in six years as the protracted Middle East conflict and renewed Iranian strikes drove a broad retreat in risk assets. Oil edged lower at the open.

Stocks fell in Japan and Australia, pulling the broader MSCI Asia Pacific Index down 0.5%. The gauge has declined about 7% since the war began. Treasuries dropped and the dollar gained during the US session, with the currency set for its best week since 2024. US equity gauges also dropped Thursday, although they were off the session lows.

Attention was mostly on oil, with West Texas Intermediate crude dropping as much as 2.5% to almost $79 a barrel on Friday. That came after the Trump administration was weighing a range of options for addressing the spike in oil and gasoline prices amid the war in Iran, Interior Secretary Doug Burgum said. Still, oil is headed for the biggest weekly surge since 2022.

The ongoing US-Israeli offensive against Iran has jolted global energy markets, pushing US crude to multi-year highs amid concerns that disruptions through the Strait of Hormuz may constrain supplies. The conflict is already unsettling flows to key buyers, with top importer China moving to conserve fuel, heightening inflation risks and market volatility if the fighting persists.

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“What matters now is whether the war will last days, weeks, or longer,” said Marco Oviedo, senior strategist at XP Investimentos. The possibility that the conflict doesn’t last long “remains the base case, and that the US is winning the battle. But Iran’s refusal to back down is keeping things tense.”


Iran launched a fresh wave of missile and drone strikes across the Gulf on Thursday evening, with attacks reported in the United Arab Emirates, Bahrain, Qatar and Kuwait. Iranian Foreign Minister Abbas Araghchi told NBC News that his country hadn’t asked for a ceasefire and had no intention of negotiating.
However, the US remains defiant. Trump told Axios he should be involved in selecting a successor, the outlet reported, citing an interview with the president.

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Make Good going toe to toe with fast fashion

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Make Good going toe to toe with fast fashion

A break from professional practice put podiatrist Paul Griffin on a pathway to manufacturing sustainable footwear.

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Oil price down more than 2% in early Asian trade

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Oil price down more than 2% in early Asian trade
Tokyo, Mar 06, 2026 -Oil prices fell more than two percent in early Asian trade after strong gains in recent days on the back of the conflict in the Middle East.

West Texas Intermediate was down 2.09 percent at $79.32 per barrel at around 0015 GMT, having soared 8.5 percent on Thursday to $81.01. Brent North Sea Crude, which rose 4.9 percent on Thursday, was not yet being traded.

“Further action to reduce pressure on oil is imminent and the oil (price) seems to have pretty much stabilised,” US President Donald Trump said on Thursday.

On Tuesday, Trump had ordered the US Development Finance Corporation to provide political risk insurance for all maritime trade through the Gulf.

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He said the US Navy would “if necessary” begin escorting tankers through the Strait of Hormuz — a vital chokepoint for crude which Iran has effectively closed off — “as soon as possible.”


On stock markets, Japan’s Nikkei index was down 0.8 percent shortly after the open, while South Korea’s benchmark Kospi slipped 1.2 percent.
On Thursday, European exchanges shed around 1.5 percent and Wall Street’s main indices also retreated.

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Virginia appeals court ruling blocking social media time limits for minors

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Virginia appeals court ruling blocking social media time limits for minors

Virginia has filed a notice announcing plans to appeal a judge’s preliminary injunction blocking the enforcement of the state’s law restricting the amount of time that minors under 16 can be on social media to one hour today.

While U.S. District Judge Patricia Tolliver Giles admitted that the prevalence of social media and overexposure to it “can [undoubtedly] impact minors,” she ultimately granted the preliminary injunction, citing First Amendment concerns.

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“The issues in this matter are not to be taken lightly. The Court recognizes the Commonwealth’s compelling interest in protecting its youth from the harms associated with the addictive aspects of social media. However, it cannot infringe on First Amendment rights, including those of the same youth it aims to protect,” Giles wrote in her Memorandum Opinion.

FEDERAL JUDGE HALTS FLORIDA’S SOCIAL MEDIA BAN FOR KIDS

Kids sitting while on their phones

Three friends are using their smartphones while sitting on a bench in a park. (pixdeluxe/Getty Images)

When reached by Fox News Digital, NetChoice, the organization that requested the preliminary injunction, pointed to a previously released statement.

“This ruling prevents the state of Virginia from imposing unconstitutional restrictions on how its citizens access lawful speech online while NetChoice v. Miyares moves through the legal system,” the organization’s statement reads.

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Paul Taske, co-director of the NetChoice Litigation Center, celebrated the preliminary injunction, saying that, “The First Amendment is alive and well in Virginia.”

NetChoice’s case bears the name of Virginia’s former Attorney General Jason Miyares, a Republican, as it was filed while he was still in office. The current Virginia Attorney General Jay Jones, a Democrat, issued the notice of appeal for this case, signaling that the state is still interested in enforcing this law.

Child looks at a phone with social media apps

A 12-year-old boy looks at an iPhone screen showing various social media apps including TikTok, Facebook and X, on Dec. 19, 2023, in Bath, England.  (Matt Cardy/Getty Images / Getty Images)

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In its complaint, NetChoice stated that “Virginia Senate Bill 854 is the latest attempt in a long line of government efforts to restrict new forms of constitutionally protected expression based on concerns about their potential effects on minors.” The organization compared concerns about youth and social media to those historically expressed about various books, movies, television shows, rock music, video games and the internet.

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“These debates are important, and the government may certainly take part in them. But the First Amendment does not take kindly to government efforts to resolve them,” the complaint reads.

Instagram’s Teen Accounts — which have certain limitations to protect minors — has 60-minute time limit reminders that encourage teens to get off the app after an hour. Additionally, it turns on sleep mode between 10:00 p.m. and 7:00 a.m., muting notifications and sending auto replies to direct messages. Meta also instituted Teen Accounts for Facebook and Messenger.

teens on phones

Virginia is appealing a federal judge’s preliminary injunction blocking the enforcement of its law limiting minors under 16 to one hour of social media per day. (Matt Cardy/Getty Images / Getty Images)

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Last week, Meta announced the implementation of new parental notifications aimed at letting parents know if their child is repeatedly searching terms related to suicide or self-harm.

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Jones provided notice to the District Court for the Eastern District of Virginia that he intends to appeal Giles’ ruling. Her ruling was issued on Feb. 27, and, under federal appellate rules, the appeal must be filed within 30 days of the judge’s order. A brief could be submitted before the end of the month.

Fox News Digital reached out to the Virginia Attorney General’s Office, NetChoice, X and Google for comment. Meta declined to comment.

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Wunderfan rewards sports fans for their passion and engagement

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Wunderfan rewards sports fans for their passion and engagement

Sports fans, you now have an opportunity to be rewarded solely for being yourself.

Wunderfan is a startup app where you can watch, attend, or even talk about sporting events and turn earned “Wunder” points into real rewards.

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From attending and watching games to participating in pick’em contests and receiving curated sports content, Wunderfan delivers a seamless experience that puts fans first and ensures they finally win.

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Fans at Super Bowl

A general view of fans as they arrived at Levi’s Stadium prior to the start of the Seattle Seahawks versus the New England Patriots Super Bowl LX game on Feb. 8, 2026, at Levi’s Stadium in Santa Clara, California. (Matthew Huang/Icon Sportswire via Getty Images / Getty Images)

“Simply put, it’s a loyalty app, and it’s all based on fan engagement,” co-founder Michael Testa said in a recent interview with FOX Business.

“Anything you’re doing when you open up your phone and are checking on sports, we think that you should be rewarded for it.”

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Testa said Wunderfan values “passion as a currency,” whereas major companies value “currency as a currency.”

“Spend all your money with us, lose all your money betting, and we’ll give you some rewards points.’ Not us. We’re saying, ‘Hey, are you watching a football game? Snap a photo and earn rewards. Are you attending with that hard-earned money? Get some money back in rewards. Are you buying tickets? Buy tickets through our ticket marketplace, get rewarded for that, or use your Wunder points to buy the tickets. Are you scrolling social media? Why don’t you do it through our app and earn rewards for it?’” Testa said.

Wunderfan logo

Wunderfan gives fans the opportunity to win rewards simply by being their passionate selves. (Wunderfan / Fox News)

GOP SENATOR CALLS FOR REVISION TO FEDERAL LAW AS SPORTS FANS PAY BIG ON OUTRAGEOUS STREAMING PRICES

“We’re continuing to build this feature set where anytime you open your phone to check on sports, we want to be the all-in-one sports engagement app, and you’re gonna check Wunderfan when you look at your sports apps.”

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Last month, Wunderfan closed on a $3.1 million investment led by Sororibus Capital. The funding will support the company’s continued growth as it builds the next generation of fan engagement and loyalty in sports.

Wunderfan also has its own ticketing platform that offers another opportunity to earn rewards like merchandise, gift cards, vouchers, and additional tickets and experiences.

Testa’s long-term goal for Wunderfan is to “become the sports engagement everything app” and become the sports version of Robinhood.

“I gotta pay homage to my guy, Vlad Tenev, building Robinhood — they’re becoming the all-in-one financial app. Anytime you check your stocks, crypto, Roth IRA, anything like that, when you open anything about finances, people are now opening Robinhood. We’re gonna do the same thing for sports,” Testa said.

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“Our product roadmap is so robust. Instead of going to TheScore or ESPN to check your scores—or Apple Scores soon enough — we’ll have you go to Wunderfan. Anytime you want to comment on something, why not earn rewards for messaging on the message board, right? We’ll police it. Don’t worry, you gotta be kind. Wunderfan is a kind platform. 

Super Bowl

A general view of the Seattle Seahawks versus the New England Patriots defense during Super Bowl LX game on Feb. 8, 2026, at Levi’s Stadium in Santa Clara, California. (Matthew Huang/Icon Sportswire via Getty Images / Getty Images)

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“But anything you want to do related to sports that’s on your phone, Wunderfan’s gonna be the go-to place.”

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Can snacks help you sleep?

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Can snacks help you sleep?

Chocolates, bars, gummies and drinks promise to help you sleep, but is the science behind them sound?

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Allstate faces lawsuit over alleged driver data collection

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Allstate faces lawsuit over alleged driver data collection

Allstate has been ordered to face a lawsuit alleging the insurance giant tracked drivers through their cellphones without their consent and tried to cash in on the data to boost profits.

A federal judge in Chicago ruled Tuesday that drivers can move ahead with a proposed class action accusing Allstate of illegally collecting detailed cellphone data, including location, speed, braking, acceleration and phone use, Reuters reported.

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The Illinois-based company is being accused of using that information to raise premiums and deny coverage, as well as selling the data to other insurers.

ALLSTATE SAYS CALIFORNIA WILDFIRES TO BRING COMPANY $1.1 BILLION IN LOSSES

allstate-logo-sign

An Allstate sign on March 16, 2020, in Melville, New York.  (Bruce Bennett/Getty Images)

Drivers may also seek to prove that Allstate’s data analytics arm, Arity, violated federal law by misreporting their driving behavior, according to Reuters.

The lawsuit alleges Arity’s tracking software was built into apps including GasBuddy, Fuel Rewards, Life360 and Routely.

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ALL THE ALLSTATE CORP. 211.62 -2.56 -1.20%

The judge allowed drivers to proceed with claims under the laws of 20 states, while throwing out three of the 38 claims in the case.

Meanwhile, Allstate argued that drivers did not claim the company actually collected their data or raised their insurance rates. 

STATE FARM ANNOUNCES REFUND FOR CAR INSURANCE CUSTOMERS

Vehicles drive on a highway in New York.

The National Highway Traffic Safety Administration (NHTSA) on Sunday reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements for model years 2019 and beyond. (Eduardo Munoz/Reuters)

The insurer also said its privacy policies made clear that data could be collected.

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“Consumers who choose to share driving data through Arity-powered apps can access emergency assistance, track fuel efficiency and unlock personalized insurance rates after a clear notice and explicit opt-in process,” Allstate told FOX Business in an email.

The case combines 15 separate lawsuits filed against Allstate, Reuters reported.

HOMEOWNERS INSURANCE COSTS COULD SPIKE OVER NEXT 2 YEARS

Allstate logo on phone

The insurer also said its privacy policies made clear that data could be collected. (Tiffany Hagler-Geard/Bloomberg via Getty Images)

Insurance companies including Allstate, Progressive and Geico use telematics technology to track driving behavior, saying it can reward safe drivers with lower premiums, according to Reuters.

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In January 2025, Texas Attorney General Ken Paxton filed a similar lawsuit accusing Allstate and Arity of unlawfully collecting, using and selling Texans’ cellphone location and movement data through software embedded in mobile apps, including Life360.

Attorneys for the plaintiffs could not be immediately reached by FOX Business for comment.

Reuters contributed to this report.

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