The South Korean exchange cited the increasing COVID-19 infections and more stringent social distancing rules as the reasons for closure.
Bithumb shareholders are reportedly open to the idea, which would see Huobi carrying on the business of Bithumb in South Korea after the implementation of new digital currency laws in the country.
The investor had taken Bithumb exchange to court in connection with the losses, which he alleges were the result of a 2017 data breach.
The Bithumb exchange is for sale. According to officials, Bithumb is selling their exchange because investors are trying to recover their investment.
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.
The Seoul Central District Court has ruled that shares in Bithumb should be seized from major investors due to the ongoing Bithumb fraud investigation.
South Korean Police have raided the Bithumb office twice in just one week; this time around, the police seized documents related to a fraud investigation.
The Seoul Central District Court ruled that Bithumb exchange and the claimant were both partly responsible for the data breach.
BXA token holders are looking to press charges against Bithumb for falsely advertising the token sale, according to local news reports.
South Korea’s Bithumb has reportedly begun the initial public offering process, with the help of Samsung Securities as its underwriter.
The return to profit follows extensive losses incurred in 2018, which saw the exchange slide US$170 million into the red.