The blunder at Bithumb, South Korea’s second-largest cryptocurrency exchange, briefly turned ordinary users into nine-figure Bitcoin holders and triggered a brief crash that rattled the country’s tightly watched digital-asset market.

The incident happened Friday when a Bithumb employee was tasked with distributing giveaway prizes totaling 620,000 Korean won — about $425 — as part of a promotional “random box” event.

Bithumb, South Korea’s second-largest crypto exchange, mistakenly credited users with more than $40 billion in Bitcoin during a botched promotional giveaway. Bloomberg via Getty Images

Instead of entering the payouts in won, the staffer mistakenly put in the amount in Bitcoin, resulting in 620,000 bitcoins being credited across hundreds of customer accounts — a massive sum worth more than $40 billion at the time.

Only 249 of the 695 qualifying customers opened their prize boxes and received the erroneous payouts, according to regulators.

Bitcoin was trading at just under $70,000 per coin at the time, meaning the mistaken credits briefly transformed recipients into multimillionaires on paper.

The amounts credited far exceeded Bithumb’s actual Bitcoin reserves, and the company detected the error within minutes. It moved to halt trading and withdrawals on affected accounts within about 35 minutes, according to regulators.

But that short window was enough to spark chaos.

A staff input error at Bithumb turned a giveaway worth just a few cents into a $40 billion Bitcoin blunder. REUTERS

Some users sold the phantom Bitcoin on the exchange before controls were fully in place, triggering a sharp, localized plunge in prices on Bithumb.

At one point, Bitcoin prices on the platform fell as much as 15% to 17%, significantly below prices on rival South Korean exchanges.

Financial authorities later said 86 customers managed to sell about 1,788 bitcoins before the freeze took effect.

Some of the proceeds were withdrawn to bank accounts, while other funds were used to purchase different cryptocurrencies.

Customers at Bithumb were accidentally credited with 620,000 bitcoins — far more than the exchange actually held. Bloomberg via Getty Images

Bithumb said it has since recovered 99.7% of the mistakenly credited Bitcoin by reversing internal ledger entries and persuading users to return the assets.

About 125 bitcoins — worth roughly $9 million — remain unrecovered, according to multiple reports. The exchange has said it plans to absorb the loss.

In a public apology, Bithumb stressed that the incident was not the result of hacking or a security breach.

“We want to make it clear that this matter has nothing to do with external hacking or security breaches, and there is no problem with system security or customer asset management,” the company stated.

The post Oops! South Korean crypto exchange accidentally hands out $40B in Bitcoin appeared first on Our Story Insight.

The Paramount Skydance-owned network quietly removed the rerun of the episode “Got a Nut” from its cable lineup Wednesday night, just hours after Kirk, 31, was shot and killed while speaking at Utah Valley University.

Instead of airing Season 27, Episode 2 — in which Eric Cartman adopts Kirk’s mannerisms and appearance for a satirical college debate podcast — Comedy Central slotted in Episode 1 from the same season.

Comedy Central pulled the “South Park” episode “Got a Nut,” which parodied Charlie Kirk, after his assassination at Utah Valley University. Paramount

The network did not issue a public statement but confirmed to industry outlets that the episode was “temporarily pulled” from its cable rotation.

It remains available to stream on Paramount+ with a subscription. The Post has sought comment from Paramount Skydance.

The decision came as MAGA supporters raged online, accusing “South Park” creators Trey Parker and Matt Stone of helping fuel the hatred that led to Kirk’s assassination.

Eric Cartman was depicted imitating Charlie Kirk’s mannerisms in the pulled “South Park” episode. Paramount

“Comedy has consequences,” one Turning Point USA staffer posted on Telegram. “Charlie was targeted in the culture before he was targeted in real life.”

The episode originally aired Aug. 6 and immediately drew attention for lampooning Kirk’s college speaking style. The parody climaxed with Cartman receiving the “Charlie Kirk Award for Young Masterdebaters.”

Days later, Kirk himself laughed off the mockery. In a TikTok video posted Aug. 7, he called the segment “hilarious” and told fans he considered it a “badge of honor.”

He also changed his X profile photo to an image of the Cartman caricature wearing Kirk’s signature black T-shirt.

Kirk told Fox News at the time he had grown up watching “South Park” and considered the parody part of being in the public arena.

But after his death, the satire has become a flashpoint. Influential conservative accounts accused Parker and Stone of “mocking his Christian faith” and called them “monsters.”

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One post that went viral on X claimed: “They mocked him on TV, then they killed him in real life.”

The outrage left Comedy Central caught in the crosshairs.

Season 27 of “South Park” has already generated controversy despite being only four episodes into its run. The next installment is scheduled to air Sept. 17.

Kirk, 31, was fatally shot in the neck during his “America Comeback Tour” stop at Utah Valley University. AP

In addition to the Kirk parody, “Got a Nut” featured school counselor Mr. Mackey joining Immigration and Customs Enforcement and staging raids alongside Homeland Security Secretary Kristi Noem.

The episode marked the show’s latest foray into lampooning real-life political figures.

Over its nearly three decades on the air, “South Park” has skewered celebrities, presidents, and pop culture icons across the spectrum.

But this time, the timing has drawn unprecedented backlash.

Kirk, a staunch Trump ally and founder of the conservative youth group Turning Point USA, was shot once in the neck during his Sept. 10 rally in Orem, Utah.

About 3,000 people were inside the campus arena, where Kirk was launching his “America Comeback Tour.”

Utah Valley University police chief Jeff Long said six officers and Kirk’s private security were on hand. “You try to get your bases covered, and unfortunately, today, we didn’t,” Long said.

Charlie Kirk debates with students at The Cambridge Union on May 19, 2025. Getty Images for The Cambridge Union

The suspect remains on the run. Authorities have not released a description.

President Trump confirmed Kirk’s death on Truth Social: “The Great, and even Legendary, Charlie Kirk, is dead.”

The killing has rattled conservatives already on edge after the 2024 assassination attempt on Trump in Pennsylvania. House Speaker Mike Johnson called Kirk’s death “an attack on all of us.”

Turning Point USA announced it will hold a memorial rally in Phoenix to honor Kirk’s legacy. Getty Images

But within hours, the focus of MAGA anger shifted toward Comedy Central. A petition demanding the network apologize for airing the parody racked up more than 100,000 signatures in its first day.

Right-wing radio host Jesse Kelly told his listeners: “’South Park’ thought it was funny to turn Charlie into a cartoon joke. Now his wife is planning a funeral.”

Parker and Stone have long maintained that no topic is off limits for satire, a stance that has drawn both acclaim and condemnation over the show’s 27 seasons.

Neither creator has commented publicly since Kirk’s assassination.

Funeral arrangements for Kirk have not yet been announced. Turning Point USA said it will hold a memorial rally in Phoenix in his honor.

The post Comedy Central pulls ‘South Park’ episode mocking Charlie Kirk after assassination appeared first on Our Story Insight.

Some of the region’s leading developers and city leaders make the argument that the trend is permanent and practical as New York City lost billions of dollars in income to the region.

“We as a company, as a family, want to be known for not only building beautiful buildings and shaping skylines, but really creating neighborhoods and creating neighborhoods that can provide housing for everybody,” Related Group CEO Jon Paul Perez told Fox News Digital. “We want Miami to be a world-class city, but we don’t want Miami to be a world-class city just for the wealthy.”

“In a lot of ways across the world, there’s already recognition for the South Florida market as a whole pre-pandemic, but [it] certainly took a completely different turn,” Integra Investments founder and Home Builders of South Florida President Nelson Stabile also told Digital.

Both Perez and Nelson weren’t surprised by a recent report from New York’s Citizens Budget Commission, which found New York City witnessed an outflow of tens of thousands of high-earning residents from 2017 through 2022, who took close to $14 billion in income with them to Florida – with more than $9.2 billion going to Palm Beach, Broward and Miami-Dade counties.

“People realize that they love living down here. It’s a pro-business environment, low taxes, and they can move their companies here and not sort of feel like they’re missing out,” Perez said. “Miami’s become sort of like this New York of the South, where we have finance, we have tech, we have hospitality, we have big cruise industries. So we’ve become a much more diversified economy over the last five years.”

“In a lot of ways across the world, there’s already recognition for the South Florida market as a whole pre-pandemic, but [it] certainly took a completely different turn,” Integra Investments founder and Home Builders of South Florida President Nelson Stabile also told Digital. Getty Images

“A change for the greater has made, I think, the city a much more diverse, intellectual city,” the CEO continued. “And we feel strongly that that will continue because I think it’s sort of been discovered now. And when things get discovered, they just continue to expand it and do better.”

“I feel like it’s a natural decision to at least have a presence here in some ways,” Stabile pointed out, noting the “impressive” report numbers are backed by companies like Citadel, Starwood Capital, Apple, Kaseya and Related Ross establishing a “Class-A” presence.

“When you see a major player in the investment world making the decision to move all of their employees and establish their home base here in Miami, in South Florida… it’s exciting,” Stabile said. “The firm comes, then once they’re here, their investments in the area in other projects just continue to grow exponentially.”

The Citizen Budget Commission’s report listed the top reasons that those leaving New York City were driven by: the pandemic, immigration policy, affordability concerns, quality of life issues and work opportunities.

Perez, whose father burst onto the South Florida real estate scene in 1979 and has sold more than $50 billion worth of properties with Related Group, and Stabile – who has called the area home for 32 years and represents the local NAHB chapter – put an emphasis on general well-being as the primary rationale for moving south.

But, there is some worry that steadily rising demand and low supply could price residents out of the hottest markets, like New York City has experienced for decades.

“Six years ago, if you were to have a conversation about rental rates, the whole market was somewhere between $45, $50, maybe $60 a foot. Today, in those same prime markets, Coral Gables is hovering around $100 a foot. And in Brickell, you’re seeing office leases being signed somewhere between $125 to $150 a foot. That’s almost triple the price points that we saw in the past,” Stabile explained.

Traders work on the floor at the Opening Bell at the New York Stock Exchange in New York, New York, USA, 19 May 2025. JUSTIN LANE/EPA-EFE/Shutterstock

“The only way to balance that scale is to provide more product in the market,” Stabile expanded. “Our market just wasn’t prepared and producing enough new households through new construction projects to be able to make sure that rents would keep at the same levels. So inevitably, there’s more competition for the inventory that exists, and then pricing can be pushed up, and it did. So that is a concern.”

“With these high-earners now, comparing the price of housing here in South Florida to where they’re coming from, I think we’re still underpriced,” Perez argued. “I think what you’re going to see over time is that there really shouldn’t be a discount for South Florida compared to New York, Los Angeles, London, because we are now a major city.”

“One of our key things that we focus on as a company is to provide more workforce housing and affordable housing for really the working class, the middle class, because what we don’t want to happen in the city is that we become a city just for the rich,” Perez said.

Indeed, developers and city planners are actively working together to tear down red tape and speed up residential and commercial building projects to meet permanent migration demand.

Specialist James Denaro works at his post on the floor of the New York Stock Exchange, Wednesday, May 14, 2025. AP

“If you bring in more density in vertical developments around public transportation nodes, if you will, you increase the probability of the residents of those areas in utilizing the available infrastructure for public transportation instead of congesting the roads further and further,” Stabile said.

There’s also Florida’s Live Local Act, which was designed to promote affordable housing by offering developers tax, regulatory, land use and funding incentives.

“It was taking a very long period of time from the moment a property owner or an investor would acquire property to when they could effectively start building,” according to Stabile. “The local level jurisdictions need to expedite the process in this sort of way and fashion, so that there is a very clear path for the developer to be able to build… It’s [now] gone through two rounds of amendments, and it’s getting better and better every single time in a way that the kinks are being worked out.”

“The biggest red tape for us, and any developer down here, to be able to meet the supply is getting through the approval and the permitting process,” Perez agreed. “And it’s a thing that we see with the local officials, the head of the building department, the city managers… It can take projects from the time you buy a piece of land till you get a permit, you can be two and a half, three years.”

“We’re very bullish,” Stabile concluded, “and strongly believe in the fact that Florida will continue to be very well-poised to benefit from all of this migration. I do think that from our end, what we can do is, especially being local and understanding the… pain points of the growth and potential… is continue to work together with our governmental bodies to make sure that we’re providing… the infrastructure that’s gonna be needed to absorb all of this positive migration.”

“New York is never not going to be New York. Miami will always be its own version of the Wall Street of the South,” Perez said. “They want to come down and see what’s going on. They all realize the change that’s happened here and how important of a city South Florida has become.”

The post NYC paying the price as the wealthy, financial institutions flock to South Florida appeared first on Our Story Insight.

Kelly is a former librarian and a long-time blogger at STACKED. She’s the editor/author of (DON’T) CALL ME CRAZY: 33 VOICES START THE CONVERSATION ABOUT MENTAL HEALTH and the editor/author of HERE WE ARE: FEMINISM FOR THE REAL WORLD. Her next book, BODY TALK, will publish in Fall 2020. Follow her on Instagram @heykellyjensen.

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Whether or not public school students will continue to have fewer diverse choices in their reading life across South Carolina was the topic of today’s State Department of Education meeting. Ten books were on the table for statewide removal following committee input, but a robust discussion about the unintended consequences of such decisions–and the abuse of the process that has imbued one parent in one county with outsized power to ban books across the state–led to a motion to table the decisions for another month.

The books under consideration at the April 1, 2025 meeting included:

Due to Regulation 43-170 (R-43-170), decisions over content in school libraries is in the hands of the South Carolina Department of Education. Materials deemed to have “descriptions of sexual content” are inappropriate for schools and must be removed. What that phrase means is intentionally vague, allowing for the opinions of a small number of individuals within the state to decide on behalf of all students and parents statewide.

The South Carolina Department of Education, headed by Ellen Weaver–who used taxpayer money to hire a lawyer to lobby in support of this school book banning bill–set up an Instructional Materials Review Committee (IMRC), where any parent in the state can submit complaints. This has allowed individuals to exert significant power in what’s available not only in their public schools but in schools statewide.

The IMRC reviews complaints and elects whether or not to advance the complaints to the Department of Education for a final decision. Decisions are made not on reading the entire book and assessing whether or not it rises to the definition of obscenity per the Miller Test. They’re made based on excerpts provided by the person bringing about the complaints.

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The IMRC recommended that 10 new books be added to the state-sponsored banned list. Those decisions were passed on to the Department of Education who voted to table the decision making for a future meeting. This was in no small part thanks to the voices of several board members.

Among them was Dr. O’Shield. He spoke at length about how all of the books banned so far–as well as the 10 on the docket for the day–were coming from one single county out of a state with more than 40 counties. As an educator, he had not seen problems with any of the books in his own school and put in the effort to see how many of the 10 titles were available where he taught, when they were purchased, and how frequently they’d been borrowed.

O’Shield also questioned why there could not be restrictions applied to books, rather than outright bans. He mentioned that there are plenty of 18 year olds in high school who shouldn’t be restricted from accessing so-called “adult” materials. The IMRC explained that this option is one among many the committee can recommend and has in the past. Ellen Hopkins’s book Crank, for example, is only available with parental permissions.

This restriction option, however, is not available to books that meet the state’s criminal code definition of depictions of “sexual content.” That’s why the 10 books at hand could not be given that recommendation and why Crank could. Crank‘s content did not meet that threshold.

Reverend Tony Vincent, a newcomer to the state education board, talked about how reading passages out of context–as is how the decisions have been made in the state–is a deep disservice. While he may not wish his own children to read the books, he acknowledged that not only are there young people who would benefit from the books but also that his duty in his role on the board (and elsewhere) was to make decisions out of love for other people. Banning books statewide over a small selection of passages would be the opposite of acting in love.

Board member Maya Slaughter spoke, pointing out that now that the Board has been through this review process, it seemed as though they may now be able to identify potential abuses of the process. She suggested more time to review the process before making any decisions on the slate of books.

That would ultimately be granted.

South Carolina banned its first round of books for all public schools on Election Day when people were otherwise occupied. Seven made the initial list. In the weeks following the ban of those books, listed below, further action was taken in deciding to not ban Crank by Ellen Hopkins but to restrict its access to parents who grant opt-in permission.

In early February 2025, the State Department of Education voted to ban four more books. Those titles were The Perks of Being a Wallflower by Stephen Chbosky, All Boys Aren’t Blue by George M. Johnson, Flamer by Mike Curato, and Push by Sapphire. Two additional books brought before them at that meeting were retained, meaning they could remain in public schools: Bronx Masquerade by Nikki Grimes and The House on Mango Street by Sandra Cisneros. Those two titles were part of a series of challenges by one parent in the Fort Mill School District; that parent unsuccessfully challenged a third title, too, an introduction to literature for 8th graders textbook.

All 10 of the books brought before the South Carolina Department of Education today were challenged by one individual, Elizabeth Szalai. Szalai was behind the demands to remove nearly 100 titles challenged in Beaufort County Schools, the bulk of which were returned to shelves. With South Carolina’s new law, she and others like her now have the opportunity to take their complaints beyond their own school district and potentially have books pulled from all public schools in the state. Szalai was behind the complaints that led to the state banning four books in February.

One single parent has had outsized power to have books banned across an entire state.

Complaints over each of the books, both banned and retained, are available the South Carolina Department of Education’s website (here is where final decisions and associated documents live and here is where pending decisions and associated documents live). Take the time to read them and understand these decisions are being made on conspiracy theories and cherry picked passages being distributed by Moms For Liberty and similar groups. One member of the board in today’s meeting suggested that some of the titles in question could be used by older students or librarians to “indoctrinate” younger people.

For all the arguments about “local control,” the power given to the State Board of Education to remove books statewide is the precise opposite. The South Carolina Department of Education is the arbiter of what is and is not accessible to students in public institutions across the state, not those who live or work in those communities.

Today’s decision suggests that many have come to realize the consequences associated with that power. This is a positive motion.

The full list of books banned in every public school in South Carolina is currently as follows:

Three states have legal mechanisms that allow for statewide book bans, though only South Carolina and Utah have used them so far. The other state is Tennessee.

The post South Carolina Postpones Vote on Banning 10 Books Statewide appeared first on Our Story Insight.

The good news for cryptocurrency investors arrived just after 8 a.m. on Friday: Coinbase, the largest crypto marketplace in the United States, had reached a deal with U.S. regulators to dismiss a lawsuit that had hung over the industry for years.

But within hours, the crypto market descended into a new crisis. At 10:51 a.m., Bybit, another leading crypto exchange, said it had been hacked — with industry analysts estimating the loss at nearly $1.5 billion, the largest theft in crypto history.

The prices of Bitcoin, Ether and other major cryptocurrencies plunged. Even Coinbase’s share price had dropped 8 percent by the end of the day.

This split-screen contrast was a telling illustration of the state of crypto in 2025. Even as President Trump embraces the industry, it remains the wild West of the financial world, prone to scams, thefts and sudden market meltdowns.

A series of policy changes in Washington are poised to encourage millions of investors to dabble in crypto for the first time, despite the industry’s continued struggles to police and prevent criminal activity. The hack was a reminder that, for all its growing influence in politics, crypto remains something of an international free-for-all — a chaotic market in which even the most experienced investors sometimes suffer extreme losses.

“These guys whose whole business is crypto, being smart about these issues, just lost $1.5 billion,” said Corey Frayer, who worked on crypto policy at the Securities and Exchange Commission during the Biden administration. “So how do we expect regular Americans who just want their debit card to work to safely use the products?”

The news about Coinbase and Bybit came at the end of a roller-coaster few days in the crypto world. A proliferation of new memecoins — digital currencies based on an internet joke or a celebrity mascot, with no practical function — has prompted widespread complaints about scams.

Last week, a memecoin promoted by the president of Argentina, Javier Milei, suddenly plummeted in value, setting off a political crisis there and costing investors more than $250 million.

Recently, crypto executives have expressed worry about the spread of these high-risk cryptocurrencies, fretting that they could undo some of the progress the industry has made with lawmakers. Shortly before his inauguration, Mr. Trump put his own memecoin on sale — it shot up in value before crashing. More than 800,000 crypto accounts lost money.

“Memecoins aren’t just a casino — they’re worse,” Haseeb Qureshi, a crypto venture investor, wrote on social media this week. “They’re a casino where each slot machine has a different owner, each trying to rip you off as much as they can before you move on to the next one.”

Under the Biden administration, federal regulators oversaw a wide-ranging crackdown on crypto, filing lawsuits against many of the industry’s biggest companies.

At the top of that list was Coinbase, a $60 billion company that went public in 2021. Two years ago, the S.E.C. sued Coinbase, arguing that the digital currencies sold on its platform were securities, just like the stocks and bonds traded on Wall Street. The regulators argued that Coinbase should have to register with the S.E.C. and follow strict rules to protect investors from financial harm.

But the government’s posture toward crypto transformed when Mr. Trump took office. The president has his own crypto business, World Liberty Financial, giving him a personal stake in the industry’s success. And he has nominated a crypto industry ally, the securities lawyer Paul Atkins, to lead the S.E.C., which has quickly cut down on its enforcement efforts.

In a regulatory filing on Friday morning, Coinbase announced that the S.E.C. had agreed to drop its lawsuit without imposing any financial penalty. (The agreement requires approval by the agency’s commissioners, a process that is expected to be a formality.)

In celebratory social media posts, industry executives declared the end of a “siege against crypto” by the federal government.

The euphoria didn’t last long. Bybit, which is based in Dubai and processes tens of billions of dollars in daily transactions, revealed that thieves had breached its system, stealing huge quantities of Ether.

Crypto has a long history of damaging hacks, but the theft from Bybit dwarfed the previous record, when thieves stole $611 million in cryptocurrencies from a platform called PolyNetwork in 2021.

Even outside the crypto world, there is little precedent for a theft so big. “It may even be the largest single theft of all time,” said Tom Robinson, a co-founder of Elliptic, a crypto analysis firm.

On social media, Bybit’s chief executive, Ben Zhou, assured customers that the company was still solvent. “Even if this hack loss is not recovered, all of clients assets are 1 to 1 backed,” he wrote. “We can cover the loss.”

In a livestream on Friday, Mr. Zhou, who was swigging Red Bull, said the “affected amount” was 401,000 Ether, or about $1.1 billion. Crypto forensics experts estimated the total at closer to $1.5 billion, based on analysis of public transaction records.

Bybit does not offer services to customers in the United States, according to its website. The company’s representatives did not immediately respond to a request for comment.

A crypto research group, Arkham Intelligence, said North Korean hackers were behind the Bybit breach. Attacks by North Korean groups have plagued the industry for years.

The price of Bitcoin plunged from about $100,000 early Friday to just over $95,000 that evening, a 5 percent drop. Other cryptocurrencies fell even further.

And a day of celebration for Coinbase ended with a stock market plunge: By the time the market closed on Friday, its shares were trading at their lowest price since November.

The post Big Day for Crypto Goes South After Bybit Hack appeared first on Our Story Insight.

Grupo Gitano signed a lease for a nearly 14,000 square-foot theme restaurant and club on two levels at Pier 17 — the first major deal by the property’s new owner, Seaport Entertainment Group (SEG).

The East River structure is home to restaurants including Jean-Georges Vongerichten’s Fulton and  Andrew Carmellini’s Carne Mare, the Rooftop live-music venue, and to ESPN studios and Nike offices.

Gitano, which was formerly in Soho before moving to Governors Island, is opening at Seaport’s Pier 17. Stephen Yang

Gitano isn’t entirely unknown to New Yorkers. It had a large, waterfront summer pop-up in Soho that later moved to Governors Island.

But the new, mostly-indoor pier location will be the brand’s US flagship, offering a “unique fusion of jungle vibes, sophisticated design and exclusive dance club” that will “reflect the spirit and modern luxury of Tulum [Mexico] with views of the Brooklyn Bridge,” the company said.

It will boast a giant disco ball suspended from a 30-foot-high ceiling.

The new club will replace the Koko’s Pearl Alley bar area.

Signing Gitano at Pier 17 is the first major deal by the property’s new owner, Seaport Entertainment Group Stephen Yang

SEG took over the entire Seaport last summer when it was established as a publicly-traded company, replacing previous owner Howard Hughes Corporation.

The complex includes the Tin Building food emporium run by Vongerichten as well as historic old buildings with stores such as McNally Jackson Books, the Lawn Club recreational attraction, numerous cafes, the IPIC cinemas and a nearby development site.

Grupo Gitano CEO James Gardner said the new location will “blend the energy and creativity of New York with the laid-back luxury of the Yucatan.”

The new, mostly-indoor pier location will be the brand’s US flagship. An aerial view of Pier 17, above. Getty Images

Seaport Entertainment CEO Anton Nikodemus praised Gitano’s “blend of nightlife, entertainment and Mexican-inspired food and cocktails.”

Gitano recently opened a large outpost in Dubai and operates a resort hotel in Tulum.

The post Luxury jungle-themed hot spot Gitano’s lands new home at South Street Seaport appeared first on Our Story Insight.