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Bitcoin Mistake: S Korean Firm Pays Out $40B!

A South Korean cryptocurrency exchange accidentally distributed billions of dollars worth of Bitcoin to its customers, while a US court ordered Uber to pay millions in a sexual assault case, and China overturned the death sentence of a Canadian citizen, according to recent reports. These events, along with YouTube's impressive revenue figures, highlight a dynamic week in both the financial and international spheres.

Bithumb, the South Korean crypto exchange, mistakenly gave away over 40 billion (32 billion) worth of Bitcoin to its customers on Friday, according to BBC World. The company had intended to give customers a small cash reward of 2,000 won (1.37), but instead, 2,000 bitcoins were distributed. The platform quickly realized its error and recovered almost all the missing tokens, restricting trading and withdrawals for the 695 affected customers within 35 minutes. The company stated it had recovered 99.7% of the mistakenly sent 620,000 bitcoins.

In the United States, a court ordered Uber to pay $8.5 million (6.2 million) to a woman who claimed she was raped by a driver for the ride-share company, as reported by BBC Technology and BBC Business. The federal lawsuit was heard in Arizona, where a jury deliberated for two days before finding Uber responsible for the driver's behavior. Uber has stated its intention to appeal the verdict. The jury rejected additional claims made in the lawsuit, including negligence and defective safety systems. The plaintiff, Jaylynn Dean, said she was sexually assaulted in the car while taking an Uber.

Meanwhile, in a potential sign of improved diplomatic relations, China overturned the death sentence of Canadian Robert Lloyd Schellenberg, according to The Guardian. Schellenberg was detained on drug charges in 2014, and the move comes as Prime Minister Mark Carney seeks to boost trade ties with Beijing.

In other news, Google revealed that YouTube generated over $60 billion (44 billion) in revenue in 2025, according to BBC Business. This figure includes money generated through advertising and paid subscriptions, surpassing streaming rival Netflix's $45 billion revenue. This is the first time Google has individually highlighted its video platform's yearly revenue since acquiring it in 2006. Midia Research senior analyst Hanna Kahlert said while it was a big announcement, it was "perhaps not a surprising one" with the platform becoming "almost infrastructural for digital natives."

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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