South Korea’s Bithumb exchange is for sale
The Bithumb exchange is for sale. According to officials, Bithumb is selling their exchange because investors are trying to recover their investment.
The Bithumb exchange is for sale. According to officials, Bithumb is selling their exchange because investors are trying to recover their investment.
South Korea’s Bithumb has reportedly begun the initial public offering process, with the help of Samsung Securities as its underwriter.
Bithumb is instituting a routine review of its digital offerings, with the goal being to cut the fat.
The controlling backer of Bithumb, Singapore-based holding company “BTHMB,” is going to acquire a public company in the U.S., which would allow it to be listed on a U.S.-based stock exchange.
The investor had taken Bithumb exchange to court in connection with the losses, which he alleges were the result of a 2017 data breach.
South Korean crypto exchange Bithumb is to launch a new exchange in the United Arab Emirates (UAE) following a partnership with blockchain VC firm Nvelop.
The intended relaunch of the South Korea's Bithumb withdrawal and deposit platform was delayed due to efforts "to provide a more stable environment."
The new measures include enhanced Know-Your-Customer verification processes, as well as the introduction of new specialized blockchain intelligence technologies.
Bithumb will reportedly resume offering services to new accounts from as early as this week, following confirmation of a partnership with NH Bank which will lift the restrictions on the firm.
South Korean exchange Bithumb, the sixth largest in the world, has reportedly been hacked with damages amounting to $30 million in cryptocurrencies.
South Korean cryptocurrency exchange Bithumb is assuring investors that their funds are safe after a hack that reportedly led to the loss of 3 million EOS worth $13 million.
The South Korean exchange cited the increasing COVID-19 infections and more stringent social distancing rules as the reasons for closure.