A South Korean cryptocurrency exchange accidentally distributed billions of dollars worth of Bitcoin to its customers, while Uber was ordered to pay $8.5 million in a sexual assault case, and YouTube revealed a $60 billion revenue stream in 2025, according to reports. These events, along with Bitcoin's price hitting its lowest level since 2024, dominated headlines.
Bithumb, the South Korean cryptocurrency exchange, mistakenly gave away over 40 billion (32 billion) worth of Bitcoin to its customers on Friday. 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 mistake and recovered almost all the missing tokens, restricting trading and withdrawals for the 695 affected customers within 35 minutes of the glitch, according to BBC World. The company stated it had recovered 99.7% of the 620,000 Bitcoins mistakenly sent.
In a separate development, a US court ordered Uber to pay $8.5 million (6.2 million) to a woman who claimed she was raped by an Uber driver. The federal lawsuit, heard in Arizona, found Uber responsible for the driver's behavior after a two-day deliberation. Uber said it intended to appeal the verdict. The jury rejected additional claims, including negligence and defective safety systems, according to BBC Technology and BBC Business.
Meanwhile, the price of Bitcoin fell to its lowest level in 16 months, reaching 60,000 (44,000), despite former US President Donald Trump's support for cryptocurrency. The drop followed months of surging prices, which saw Bitcoin hit an all-time high of 122,200 in October 2025. "Those who bet too big, borrowed too much or assumed prices only go up are now finding out the hard way what real market volatility and risk management look like," Joshua Chu, co-chair of the Hong Kong Web3 Association, told Reuters, according to BBC Technology.
In other financial news, Google revealed that YouTube generated over $60 billion (44 billion) in revenue in 2025, including advertising and paid subscriptions. This figure surpasses streaming rival Netflix's $45 billion revenue. It appears to be 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 the announcement was "perhaps not a surprising one" given the platform's importance. "YouTube is one of - if not the - most-used of all digital offerings," she stated, according to BBC Business.
Discussion
AI Experts & Community
Be the first to comment