Upbit Is First Korean Exchange to Register With Authorities Before September Deadline

Crypto exchanges that don't register by Sept. 24 face being shut down in South Korea.

News  ·  23 August 2021

South Korean Prosecutors Indict Former Bithumb Chairman in $100M Fraud Probe

Lee Jung-hoon allegedly took the funds from BK Group owner Kim Byeong-gun as an upfront "contract fee" in acquisition negotiations.

News  ·  7 July 2021

Former Bithumb Korea Chairman Handed Over to Prosecutors

The move may mean the investigation is beginning to intensify.

News  ·  26 April 2021

Bithumb Exchange’s Offices Raided Again by Korean Authorities: Report

Local officials are said to have raided Bithumb's offices for the second time in a week as part of a fraud investigation.

Policy & regulation  ·  8 September 2020

Police Reportedly Raid Headquarters of Bithumb, South Korea’s Largest Exchange

Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.

News  ·  2 September 2020

Bithumb Taps Chainalysis for FATF-Grade Crypto Investigation Tool

The Bithumb exchange is tapping investigative tools offered by Chainalysis just a week after South Korea voted for tough new laws around the space.

News  ·  10 March 2020

Bithumb Exchange Fighting Back Against ‘Groundless’ $69M Tax Bill

The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions.

Policy & regulation  ·  16 January 2020

Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb

South Korea's National Tax Service will withhold tax worth $70 million from the country's largest crypto exchange Bithumb.

News  ·  30 December 2019

Bithumb Wants User-Created DEXs With Its New Blockchain Ecosystem

Bithumb Global is launching an "exchange-as-a-service" platform through its new namesake blockchain platform.

Markets  ·  6 November 2019

Crypto Exchange Bithumb’s $333 Million Acquisition May Be in Jeopardy

A fintech firm's acquisition of Bithumb reportedly hasn't been fully paid for, even after a deadline was extended.

Business  ·  30 September 2019
South Korea

Largest Korean Exchange to Review Listings and Drop Failing Coins

Bithumb will assemble a committee to periodically review its listed cryptocurrencies.

Markets  ·  23 August 2019

Crypto Exchange Bithumb Posts $180 Million Loss for 2018

Bithumb, South Korea’s largest cryptocurrency exchange, has posted a net loss of 205.5 billion won ($180 million) for 2018.

Business  ·  11 April 2019

Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job

South Korean crypto exchange Bithumb has had over $13 million in EOS stolen in a hack, but says customer funds are safe.

Policy & regulation  ·  30 March 2019

Crypto Exchange Bithumb to Reduce Staff By Up to 50%

Bithumb, the largest cryptocurrency exchange in South Korea, is halving its staffing levels through voluntary redundancies.

Markets  ·  18 March 2019

Bithumb Kicks Off Middle East Expansion With UAE Crypto Exchange

South Korean cryptocurrency exchange Bithumb plans to expand in the Middle East, starting with a licensed exchange in the UAE.

Policy & regulation  ·  12 February 2019