16 stories tagged #Bithumb

  1. South Korea's Central Bank Calls for Crypto Trading 'Circuit Breakers'
    crypto

    South Korea's Central Bank Calls for Crypto Trading 'Circuit Breakers'

    The Bank of Korea urges lawmakers to implement trading halts on crypto exchanges to prevent market chaos, following a $42 billion error at Bithumb.

    last mo. 1 min read
  2. Bithumb Seeks to Seize Bitcoin Amidst $43 Billion Trading Error Fallout
    crypto

    Bithumb Seeks to Seize Bitcoin Amidst $43 Billion Trading Error Fallout

    South Korean exchange Bithumb pursues legal action to recover 7 BTC from users who kept funds mistakenly distributed in a massive trading error, prompting regulatory changes.

    last mo. 1 min read
  3. Bithumb Seeks Court Order to Seize Bitcoin After $8M Payout Error
    crypto

    Bithumb Seeks Court Order to Seize Bitcoin After $8M Payout Error

    South Korean exchange Bithumb is pursuing legal action to recover seven Bitcoin after a promotion error mistakenly credited users with vast amounts of cryptocurrency.

    last mo. 1 min read
  4. Bithumb Pursues Legal Action for 7 Bitcoin Lost in Payout Error
    crypto

    Bithumb Pursues Legal Action for 7 Bitcoin Lost in Payout Error

    South Korean crypto exchange Bithumb initiates legal proceedings to reclaim 7 Bitcoin lost due to a significant payout error during a promotional event.

    last mo. 1 min read
  5. South Korea Mandates 5-Minute Crypto Holdings Verification
    crypto

    South Korea Mandates 5-Minute Crypto Holdings Verification

    South Korea's Financial Services Commission orders crypto exchanges to reconcile internal ledgers with actual holdings every five minutes to enhance control and prevent errors.

    2mo ago 1 min read
  6. Bithumb Delays IPO Until After 2028 Amid Regulatory Scrutiny
    crypto

    Bithumb Delays IPO Until After 2028 Amid Regulatory Scrutiny

    South Korea's Bithumb crypto exchange postpones IPO beyond 2028, strengthening internal controls after fines and operational errors. CEO Lee Jae-won reappointed.

    2mo ago 1 min read
  7. Bithumb Seeks CEO Reappointment Amid Regulatory Scrutiny
    crypto

    Bithumb Seeks CEO Reappointment Amid Regulatory Scrutiny

    South Korea’s second-largest crypto exchange, Bithumb, pushes to retain CEO Lee Jae-won despite recent controversies and regulatory penalties.

    2mo ago 1 min read
  8. Bithumb Fined $24.8M by South Korean Regulators for KYC Failures
    crypto

    Bithumb Fined $24.8M by South Korean Regulators for KYC Failures

    South Korea’s FIU levies $24.8 million fine and six-month partial suspension on Bithumb over 6.59 million customer verification lapses and illicit cross-border transactions.

    2mo ago 1 min read