Bithumb’s chairman has been summoned to court
Bithumb exchange chairman Lee Jung-hoo has been summoned to court in regard to the Bithumb fraud investigation; Lee is accused of fraud and evading property.
Search Results for: Bithumb
South Korea: Prosecutors seek 8-year jail term for Bithumb’s ex- chairman
The massive losses incurred by investors over Bithumb's failure to list BXA tokens and acquire BK Group warrants an eight-year prison term for the former's de facto chairman, the prosecution says.
Is Bithumb faking 94% of trading activity?
An expose by crypto exchange rating service CER has found that as much as 94% of the trading volumes on Bithumb had been faked, with the practice first dating back to the summer of this year.
Bithumb exchange has a new buyer
Korean-Japanese video game publisher Nexon has signed a memorandum of understanding with Bithumb to buy the exchange for $460 million.
Bithumb to enter the Indian market
The Korean exchange hopes it can succeed where other have failed by working with the regulators to launch an exchange with a difference from the rest.
Anonymous Bithumb traders face reduced withdrawal limits
Cryptocurrency traders who still haven’t converted to real-name accounts on Bithumb will face reduced withdrawal limits starting June 4.
Bithumb eyes IPO in 2025 amid regulatory hurdles
Bithumb is reshaping its position as a digital currency exchange with plans to go public in South Korea in 2025, enlisting Samsung Securities as its underwriter.
Why did Upbit and Bithumb just delist Litecoin?
The move comes after the activation of the privacy feature MimbleWimble and brings the total number of digital currency exchanges that have delisted Litecoin to five, including Upbit and Bithumb.
Huobi Korea delists Monero, piling pressure on Bithumb
Huobi Korea delisted Monero a few days ago after it emerged the darkcoin was used in a sex scandal involving minors. Bithumb is under pressure to do so too.
Bithumb to lay off over 50% of its staff
Bithumb announced on March 19 that it will be laying off 160 of its employees, due to a lack of trade volume.
Bithumb exchange sale may be on the verge of collapse
Bithumb’s deal looks like it might fall apart as deadlines have been missed, and employees are being laid off.
South Korea’s Bithumb to launch decentralized exchange
Bithumb DEX will target global cryptocurrency markets, and is being developed in partnership with One Root Network, which has already pioneered its own DEX which launched earlier this year.