Wu Blockchain has learned that Bithumb, South Korea's second-largest crypto exchange, issued an announcement apologizing once again for the reward misallocation incident that occurred on February 6 and disclosed its compensation plan and improvement measures. Bithumb stated that it has reported the incident to regulatory authorities and is cooperating with the investigation. Regarding the losses caused by this incident, Bithumb has promised full compensation, with estimated losses currently around 1 billion KRW. The compensation plan includes: 110% compensation (full price difference + 10% extra compensation) for users who sold at low prices during the incident; a 20,000 KRW compensation for all online users during that period; zero transaction fees for all users within 7 days; and the establishment of a 100 billion KRW "Customer Protection Fund" to address future unexpected incidents. Additionally, Bithumb will upgrade its internal control systems, strengthen asset verification, and implement multi-level approval processes. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56359