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South Korean crypto company mistakenly transfers $44 billion worth of Bitcoin to users

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Bitcoin rises slightly, but a drop below $60,000 could push it into the mid-$50,000 range

Bithumb, a South Korean cryptocurrency exchange, accidentally distributed approximately 620,000 bitcoins—worth about $44 billion—to users during a promotional event on Friday, February 6, 2026.

The error occurred when a promotional reward intended to give users small cash incentives of 2,000 Korean won ($1.37–$1.40) instead mistakenly issued at least 2,000 bitcoins per winner. Bithumb quickly identified the issue and restricted trading and withdrawals for the 695 affected accounts within 35 minutes.

The exchange confirmed the incident was due to an internal error, not a security breach or hacking, and stated there were no issues with system security or customer asset management. By Saturday, February 7, 2026, Bithumb had recovered 99.7% of the mistakenly distributed bitcoins.

The incident triggered a brief 17% drop in Bitcoin prices on the Bithumb exchange, which later recovered. South Korea’s financial regulators expressed concern, highlighting the vulnerabilities in virtual asset systems, and announced plans to review internal controls and operations of Bithumb and other crypto exchanges.

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Portugal votes in presidential runoff with Socialist poised for victory

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Portugal votes in presidential runoff with Socialist poised for victory


Portugal votes in presidential runoff with Socialist poised for victory

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Federal Signal: Worth A Buy Before Q4 Results (NYSE:FSS)

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Federal Signal: Worth A Buy Before Q4 Results (NYSE:FSS)

This article was written by

I have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role. Dividend investing is a personal hobby and I look forward to sharing my thoughts with the Seeking Alpha community.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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CME Group’s Strength Is Clear, But The Stock Looks Fully Valued (NASDAQ:CME)

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CME Group’s Strength Is Clear, But The Stock Looks Fully Valued (NASDAQ:CME)

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With over 15 years of experience in the markets and a degree in economics, I focus on breaking down companies with clarity and discipline. My goal is to give individual investors a straightforward, honest view—what’s working, what isn’t, and where the risks and opportunities actually are. I don’t chase narratives. I follow the numbers and the business underneath.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Julius Baer CEO calls for Swiss public register of rogue bankers to protect reputation

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Julius Baer CEO calls for Swiss public register of rogue bankers to protect reputation


Julius Baer CEO calls for Swiss public register of rogue bankers to protect reputation

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Gunmen kill three people and abduct Catholic priest in northern Nigeria

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Gunmen kill three people and abduct Catholic priest in northern Nigeria


Gunmen kill three people and abduct Catholic priest in northern Nigeria

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Sprouts Farmers Market drops 47% after InvestingPro’s January 2025 warning

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Sprouts Farmers Market drops 47% after InvestingPro’s January 2025 warning

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BMW recalls 90,000 vehicles over engine starter fire risk safety concern

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BMW recalls 90,000 vehicles over engine starter fire risk safety concern

BMW North America is recalling nearly 90,000 vehicles due to an engine starter issue, the U.S. National Highway Traffic Safety Administration (NHTSA) announced Saturday.

The NHTSA said the recall involves 87,394 vehicles in the U.S. and is tied to an engine starter that may overheat, posing a fire risk, according to Reuters.

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Dealers will replace the engine starter at no cost to owners, the NHTSA said.

The announcement comes after BMW recalled more than 145,000 vehicles in the U.S. in October over a starter defect that could overheat and spark a fire.

CHINA MOVES TO BAN FEATURE COMMONLY SEEN ON TESLA VEHICLES OVER FEAR OF TRAPPED PASSENGERS

dar bmw model sits outside of dealership

BMW vehicles are displayed for sale on a lot at the BMW of South Austin dealership on May 16, 2025, in Austin, Texas. (Brandon Bell / Getty Images)

In September, BMW recalled 200,000 vehicles due to a similar issue, bringing the total number of affected vehicles to more than 341,000. Those recalls affected certain 2019–2025 vehicles across six models, including the 2020 340i, X6, 2020–2025 840i, 2020–2022 740Li, and 2019–2020 X7 and X5.

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Multiple automakers have issued recalls in recent weeks, including Chrysler, which earlier this week recalled more than 450,000 vehicles and more than 2,000 tow-trailer modules because of a brake light failure that could increase the risk of a crash, the NHTSA said.

Last month, Toyota recalled more than 161,000 pickup trucks in the U.S. due to a software defect that can prevent the rearview camera image from displaying when the vehicle is shifted into reverse.

That recall affected certain 2024 and 2025 Toyota Tundra and Tundra Hybrid models equipped with the automaker’s Panoramic View Monitor (PVM) system, according to the NHTSA.

CHRYSLER RECALLS MORE THAN 450,000 VEHICLES OVER BRAKE LIGHT FAILURE

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A customer looks at a BMW X6 model on March 14, 2023. (Krisztian Bocsi/Bloomberg / Getty Images)

This week, federal regulators expanded an investigation into 1.27 million Ford F-150 pickup trucks following reports of safety issues related to the vehicles’ transmissions.

The NHTSA said drivers reported unexpected transmission downshifts in the trucks without warning or driver input, often causing temporary rear-wheel lockup or skidding and increasing the risk of a crash.

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blue BMW X6 displayed

BMW X6 luxury crossover SUV on display at an expo on Jan. 9, 2020. (Getty Images / Getty Images)

The probe covers 2015–2017 Ford F-150 trucks equipped with 6R80 transmissions. The F-150 is the best-selling pickup truck in the U.S.

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FOX Business reached out to BMW for comment and to the NHTSA for additional information.

FOX Business’ Bonny Chu and Reuters contributed to this report.

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Nvidia: Buy The Dip

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Nvidia: Buy The Dip

Nvidia: Buy The Dip

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Street Calls of the Week

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Street Calls of the Week

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Is it too early to bet on U.S. housing recovery?

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Is it too early to bet on U.S. housing recovery?

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