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Bithumb Designates SANTOS, PORTO, and LAZIO Tokens as Investment Warning Assets
Bithumb has announced new Investment Warning designations for SANTOS, PORTO, and LAZIO tokens due to low liquidity and manipulation risks.
Bithumb Lists Civic (CVC) and HUNT in Korean Won Markets
Bithumb, a leading virtual asset platform, has announced the addition of Civic (CVC) and HUNT tokens to its Korean Won trading market.
Bithumb to Terminate Trading Support for Orbit Chain (ORC)
Bithumb, following the decision of the Digital Asset Exchange Joint Consultative Body (DAXA), will terminate trading support for Orbit Chain (ORC) to protect investors. The schedule for trading and withdrawal has been announced.
Bithumb Designates Velo Protocol's VELO as Investment Cautionary Cryptocurrency
Bithumb designates Velo Protocol's VELO a cautionary cryptocurrency over transparency concerns, halting deposits starting 2/22. Bithumb to reevaluate status in March.
Former Bithumb Chairman Lee Jung-Hoon Acquitted in $100M Fraud Case
Lee Jung-Hoon, former chairman of Bithumb, has been acquitted in a $100 million fraud case related to the non-listing of the BXA token, highlighting challenges in crypto industry legal cases.
Former Bithumb Chairman Lee Jeong-hoon Faces 8-Year Prison Sentence in Appeal
Former Bithumb Chairman Lee Jeong-hoon faces fraud charges over botched deal with BK Group Chairman Kim Byung-gun, awaiting an 8-year sentence, impacting governance and crypto industry regulatory landscape.
Upbit's Massive LOOM Transactions Drive Market Fluctuations
Upbit's hefty LOOM transactions to Binance and Bithumb, alongside its substantial holdings of the token, have coincided with a notable price dip, spotlighting the exchange's sway over LOOM's market dynamics.
Bithumb Korea Reports Operational Losses Due to Declining Crypto Trading Volume
Bithumb Korea reported a Q2 operational loss of KRW 3.442 billion in 2023, down from a KRW 38.42 billion profit last year. The decline is attributed to reduced crypto trading volumes and fee income. The exchange is now offering no-fee events to boost activity.
Lee Jung-Hoon, Former Bithumb Chair Acquitted In First Instance
The 34th Division of the Criminal Agreement of the Seoul Central District Court acquitted former Bithumb chair Lee Jung-hoon on Jan. 3. He was charged with fraud under the Act on Aggravated Punishment of Specific Economic Crimes. Since October 2018, the previous chairman is accused of defrauding 100 billion won ($70 million) during takeover discussions.
Bankman-Fried’s FTX In Advanced Talks to Acquire South Korea’s Bithumb
FTX, a 32 billion crypto exchange, is in discussions to buy its rival Bithumb exchange. The deal is reported to be in an advanced stage, though financial terms are still undisclosed.