South Korea’s second-largest crypto exchange, Bithumb, will ask shareholders on March 31 to reappoint CEO Lee Jae-won for a new two-year term. This is despite a $44 billion phantom Bitcoin (BTC) glitch, a record $24 million fine, and three active regulatory investigations. The decision to retain leadership rather than pursue a management reshuffle signals that Bithumb is prioritizing operational continuity over accountability at a moment when regulators are still determining whether further sanctions are warranted. What the $44 Billion Glitch Exposed On February 6, a Bithumb staffer running a promotional event entered payout units in BTC rather than Korean won