bithumb
Embattled Korean Crypto Exchange Bithumb May Be Acquired by Huobi
As interest mounts up toward the acquisition of Bithumb, Huobi Global is named as one of the favorite candidates to take up ownership of the exchange.
Bithumb Crypto Exchange Puts Itself Up for Sale Amid Fraud Probe
Bithumb cryptocurrency exchange is set up for sale amid accusations of the alleged fraud.
Bithumb Touts Indian Alliances for its New Blockchain Protocol
Bithumb Global, one of the biggest cryptocurrency exchanges globally, has announced its intent of availing its new blockchain protocol in India. Dubbed 'Bithumb Chain,' the South Korea based exchange seeks to avail it to Indian startups, companies and even the administration for developing products and services on the foundation of blockchain technology.
South Korean Police Raid Bithumb Crypto Exchange Headquarters On Fraud Allegations
South Korean Police have raided the headquarters of Bithumb cryptocurrency exchange as part of an investigation into fraud.
Senior Worker at Bithumb Triggered Hacking Vulnerability
A senior worker at Bithumb, a leading South Korean crypto exchange, is in a tight spot after a Korean court discovered that he is liable for web safety legislation breaches. As a result, his misdeeds made the crypto exchange vulnerable to a 2017 hack that led to the loss of cryptocurrency holdings worth $6 million USD.
South Korean Police Raid Bithumb Crypto Exchange For Second Time in BXA Token Fraud Case
Bithumb, the largest crypto exchange in Korea has been raided for a second time in five days by the South Korean police.
Morgan Stanley in Talks to Acquire Multi-Million Dollar Stake in Bithumb Crypto Exchange
Morgan Stanley is reportedly in talks with Bithumb South Korea-based crypto exchange to acquire a multi-million-dollar stake in the exchange.
Bithumb CEO Summoned by South Korean Authorities Following Police Raid on Offices
The Chairman of the Board of Directors of Bithumb Holdings, Lee Jung-hoon has been summoned by the Seoul Metropolitan Police Agency's Intelligent Crime Investigation Unit following the unit's incessant raid on the exchange.
Upbit Becomes the First Exchange to Register with FIU as September Deadline Looms
Upbit has now registered with FIU as other exchanges move to follow this lead before the September 24 regulation deadline.
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 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.
Will Gold Bull Peter Schiff Change His Mind on Bitcoin? Crypto Twitter Backs BTC
Peter Schiff and his son have brought their friendly banter regarding Bitcoin investments to crypto Twitter.
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.
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.
South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations
The heads of Bithumb, Korbit, Coinone, and Upbit signed a memorandum to form a company with a system, which will enable them to adhere to anti-money laundering regulations.
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.
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.
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.
S. Korean Exchanges to be Held Accountable for LUNA Crash
According to the latest reports from local media platform Newspim, the top cryptocurrency exchanges are now likely to be held accountable for failing to implement measures to protect investors from the crash.
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.
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.
South Korea Authorities Seize $47M in Crypto from Tax Evaders
South Korean authorities have made the largest crypto seizures in the country's history. $47 million in digital currencies have been confiscated.
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.
Sep 03 Trading Analysis: Miners still the biggest swinging d*cks around
No real headlines except Korea regulators coming after Bithumb (which isn't a "new" news imo). Instead, I actually think was driven by miners selling.
3 Reasons Behind the Recent Crypto Market Crash—Why Bitcoin Price Dropped $600
The Bitcoin price started to plunge in coincidence with our report of the Korean police raiding Korea’s largest cryptocurrency exchange Bithumb for fraud.
South Korea’s Leading Crypto Exchanges Aid Police in Hunting "Nth Rooms" Blackmail Porn Members
The four primary crypto exchanges in South Korea, namely Coinone, Korbit, Bithumb, and Upbit, have reportedly offered to help police investigate the sexual exploitation of underage girls in the “Nth Rooms” scandal that has sparked a national outcry.