Major crypto exchange eyes IPO amid market slump

Bithumb is targeting a 2028 IPO despite a "mistaken" Bitcoin transfer worth a staggering $40 billion. This massive lapse in internal controls proves that even the largest exchanges struggle with basic safeguards. While they claim a two-year overhaul will fix their governance, it’s hard to ignore such a colossal red flag. Should a company that "accidentally" moves $40 billion be trusted with public investor capital, or is this IPO doomed from the start? What’s your take?
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