[South Korean Lawmaker Questions Bithumb CEO Over Fake Bitcoin Transfer Incident] Odaily Planet Daily News – On Wednesday, a South Korean lawmaker questioned Bithumb CEO Lee Jae-won regarding a $4 billion Bitcoin transfer error caused by human mistake. The incident occurred during a promotional event last week when an employee mistakenly processed customer payments in Bitcoin instead of Korean won, resulting in the appearance of fake Bitcoin in the market. Democratic Party lawmaker Min Byeong-deok stated that Bithumb gave away Bitcoin that the company did not own, which constitutes naked short selling. Currently, the Financial Supervisory Service has launched an investigation into the compliance system and risk management of the country's second-largest digital asset platform. Financial Services Commission Vice Chairman Kwon Dae-young remarked that the government believes this incident highlights the risks associated with virtual assets and the vulnerabilities in internal control systems. An emergency response team will seek institutional reforms, including inspections of all exchanges. (Bloomberg)