Bithumb Executive Cleared of $70M Fraud Charges in South Korean Court

Bithumb founder Lee Jung-hoon, who was on trial for allegedly defrauding $70 million, was declared not guilty and dodged a hefty jail sentence. The post Bithumb Executive Cleared of $70M Fraud Charges in South Korean Court appeared first on BeInCrypto.

97 +

South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin

One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving “transaction transparency.

349 +

Top Korean crypto exchanges reopen brick-and-mortar customer centers

Both Coinone and Bithumb have reopened their customer centers in the capital city in response to a surge in domestic interest in cryptocurrencies.

232 +

North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report

A new report commissioned by the U. S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb.

209 +

Morgan Stanley reportedly looks to acquire stake in Korean exchange Bithumb

American multinational investment bank Morgan Stanley is currently in talks to acquire a stake in top South Korean cryptocurrency exchange Bithumb, local news outlet Naver reported on Friday. The post Morgan Stanley reportedly looks to acquire stake in Korean exchange Bithumb appeared first on CryptoSlate.

207 +

Morgan Stanley reportedly set to buy Bithumb exchange for over $400 million

American multinational investment bank and financial services company Morgan Stanley is rumored to be bidding for leading South Korean cryptocurrency exchange Bithumb. According to the country’s local media outlet, Morgan Stanley is already in the negotiation process, which will allow the bank to acquire stakes in Bithumb.

275 +

Morgan Stanley Bidding for South Korean Crypto Exchange Bithumb

155 +

Morgan Stanley Eyes Bitcoin Exchange Acquisition After Crypto Rallies 1,500%

Key Bitcoin Takeaways A South Korean media outlet reported that Morgan Stanley plans to acquire Bithumb, a local bitcoin exchange. The news surfaced two days after the American banking giant decided to offer three Bitcoin funds to its rich clients via its traditional investment platform.

144 +

Morgan Stanley rumored to be eyeing stake in top Korean exchange Bithumb

Korean media has reported that Morgan Stanley is in talks with Bident — who owns a 10% of Bithumb Korea.

159 +

Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures

The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering.

192 +

South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018

A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet.

148 +

Seoul court finds Bithumb liable; orders reimbursement of over 1.1 billion won

Seoul's Central District Court has ruled that South Korean crypto-exchange Bithumb is liable to compensate victims of Bithumb’s withdrawal incident back in November 2018. In the said incident, severThe post Seoul court finds Bithumb liable; orders reimbursement of over 1.1 billion won appeared first on AMBCrypto.

241 +

Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules

The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation.

242 +

South Korean Conglomerate, NEXON, Denies Reports Linking It to The Sale Of Bithumb Exchange For $460M

South Korean gaming conglomerate Nexon Co. Ltd. denies reports connecting it to the purchase of troubled crypto exchange, Bithumb. The deal was reported to cost the buyer over $460 million. The post South Korean Conglomerate, NEXON, Denies Reports Linking It to The Sale Of Bithumb Exchange For 0M first appeared on BitcoinExchangeGuide.

269 +

South Korean gaming conglomerate Nexon denies plans to acquire Bithumb

Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million.

201 +

South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million

Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman Lee Jung Hoon, including several others totaling up […]

466 +

Crypto Exchange Bithumb to Be Acquired By South Korean Gaming Giant, Nexon, for $460M

South Korean cryptocurrency exchange Bithumb wants to put a troubling 2020 behind it and look to the future. It appears that the company’s plans also involve new owners. Per local news sources, multi-billion-dollar gaming company Nexon is in advanced talks to purchase the exchange outrightly.

250 +

South Korean Gaming Conglomerate to Purchase Bithumb for $460M

South Korean agency Maekyung broke the news, stating that Nexon and Bithumb have officially signed a memorandum of understanding (MOU) to kickstart the process The deal will result in Nexon acquiring a ~65% stake in the Bithumb exchange.

148 +

South Korean Gaming Titan to Buy Bitcoin Exchange Bithumb for $460M

222 +

Report: Major gaming conglomerate Nixon prepares to acquire Bithumb

South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange.

242 +

Bithumb Review 2021 – Legit Place To Buy Bitcoins?

Non-western exchanges are somewhat of a taboo topic in the world of cryptocurrency. The fall of the Japanese-based Mt. Gox and the recent clampdowns on crypto-trading by Chinese, Indian and Korean governments made the average user think twice before doing his business outside of USA/Europe.

309 +

Rumors: Huobi Discusses Buying South Korean Largest Crypto Exchange Bithumb

Huobi hopes to enter the South Korean and Japanese cryptocurrency markets through the purchase of major crypto exchanges.

210 +

Huobi Prime Bidder to Purchase Top South Korean Bitcoin Exchange, Bithumb

230 +

Huobi Plans Takeover of Major Japanese and South Korean Crypto Exchanges

Huobi, China’s largest crypto trading desk Huobi is reportedly pursuing an aggressive globalization agenda that involves the acquisition of major crypto exchanges across Asia. Huobi Eyes bitFlyer and Bithumb Acquisition According to an exclusive report by Chinese crypto news source @WuBlockchain, Huobi is set to purchase major Asian crypto exchanges bitFlyer and Bithumb.

307 +

Paxful Teams Up With South Korean Cryptocurrency Giant Bithumb Global

Global peer-to-peer (P2P) cryptocurrency marketplace Paxful is highlighting the partnership with South Korea’s leading cryptocurrency exchange Bithumb Global. With 8 million registered users, 1 million...

191 +

$60.2M tax on Bithumb has no legal basis, claims South Korean lawmaker

South Korean crypto-exchange Bithumb was in the news this year after it was levied a tax of 80. 3 billion won ($60. 2 million) by the country's National Tax Service (NTS). Bithumb, for its part, was The post $60.

213 +

South Korean behemoth Bithumb up for sale

After two police raids in a space of one month, South Korea’s Bithumb is...

The post South Korean behemoth Bithumb up for sale appeared first on Coin Journal.

245 +

Bithumb reportedly put up for sale for $600 million

South Korean largest cryptocurrency exchange Bithumb is reportedly on sale again. The deal could be worth $600 million.

174 +

South Korean Police Seize Shares From Major Bithumb Shareholder

South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows a September 14 ruling from the Seoul Central District Court.

166 +

South Korean court freezes Bithumb investor’s shares

The news comes after South Korean police conducted two consecutive seizures in a matter of a week. Bithumb is among the biggest cryptocurrency exchanges in South Korea. Though its customers have started to worry about using the platform for trading and storing their digital assets due to privacy reasons.

275 +

Court Enforces Seizure of Korean Crypto Exchange Bithumb’s Shares

South Korean regulators have seized the share of the local cryptocurrency exchange Bithumb from its major investor. The move has been in connection with an ongoing case of the exchange for allegedly defrauding its clients, reported local media.

234 +

South Korean police seize Bithumb shares in third raid this month

The plot thickens as Bithumb director’s shares are seized after he had applied for the seizure of the chairman's shares.

198 +

Bithumb Cryptocurrency Exchange Raided by South Korean Police For The Second Time

On Sept. 7, the Seoul Metropolitan Police Agency's Intelligent Crime Investigation Unit raided the country’s largest cryptocurrency exchange, Bithumb, for the second time in less than a week. According to reports from the local newspaper, Seoul Shinmun, the raid aims to collect additional evidence about the case opened against the Chairman of the board of […] The post Bithumb Cryptocurrency Exchange Raided by South Korean Police For The Second Time first appeared on BitcoinExchangeGuide.

292 +

South Korean cryptocurrency exchange Bithumb faces a setback

Despite being the biggest cryptocurrency exchange in South Korea, Bithumb becomes the second crypto-exchange to be under the investigation of the police. Reportedly, the Seoul Metropolitan Police is closely investigating the exchange to store essential shreds of evidence.

160 +

Bithumb Ranks First in Korea and Third in the World in Crypto Trading Volume

According to South Korean Exchange Market Review, a report published by Blockchain Transparency Institute (BTI) on August 20th, Bithumb was ranked third in the world...

238 +

Korean authorities raid Bithumb crypto exchange again

South Korean police have reportedly raided Bithumb cryptocurrency exchange offices again in an additional seizure search according to The Seoul Newspaper. Much like the first raid that took place on 2The post Korean authorities raid Bithumb crypto exchange again appeared first on AMBCrypto.

296 +

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.

221 +

Fifth Largest Bitcoin Exchange Bithumb Raided by South Korean Police

The Seoul Metropolitan Police Agency raided Bitcoin exchange Bithumb to execute search and seizure orders based on fraud allegations. 

157 +

Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case

South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder.

155 +

Bitcoin Bulls Remain in Full Control as Long as They Defend a Few Key Levels

Bitcoin has witnessed intense inflows of selling pressure throughout the past several hours on news of Bithumb’s Korean offices being “raided” by authorities Although it remains unclear as to why the raid took place – or why Bitcoin investors should care – it instantly led fear to spread throughout the industry This created shockwaves that caused many other digital assets to plunge lower as well, with Ethereum at one point dropping from highs of $480 […]

313 +

This is Only the Testament of How ‘Powerful’ Bitcoin is: Galaxy Digital CEO Mike Novogratz

After two weeks, Bitcoin finally jumped above $12,000 on the first day of September but again failed to hold onto its position. Today, BTC/USD dropped to $11,155, which could be on the back of the news of South Korean authorities seizing one of the country's biggest crypto exchanges, Bithumb, for a $25 million token sale […] The post This is Only the Testament of How 'Powerful' Bitcoin is: Galaxy Digital CEO Mike Novogratz first appeared on BitcoinExchangeGuide.

306 +

Bithumb Raided by Korean Police as Fraud Investigation Continues

Authorities in Seoul have reportedly raided the offices of Bithumb, the largest cryptocurrency exchange in South Korea. According to local news outlet Seoul Shinmun, a special crime unit at the Seoul Metropolitan Police Agency conducted a search and seizure operation at Bithumb’s headquarters in the Gangnam District on Sept 2.

336 +

Ripple and Its Largest ODL Corridor Help Move 69.7 Mln XRP

Almost 70 Mln XRP has been moved by the efforts of Ripple, its largest ODL-based platform and the major Korean digital exchange Bithumb

280 +

Bithumb Global Reflects On Its Journey As It Celebrates First Anniversary

Today, South Korean cryptocurrency exchange Bithumb Global celebrates its first anniversary as it continues to meet the ever-increasing demand for digital assets. Established in 2019 during the boom period in the cryptocurrency industry, Bithumb Global has quickly established itself as one of the leading digital asset exchanges in the world by reported trading volume.

370 +

51.5 Mln XRP Moved by Bithumb as XRP Price Predicted to Target Immense Rise

Major South Korean exchange moves over fifty million XRP while its price is expected to reach a hard-to-believe level within a year or two

312 +

Crypto Exchange Bithumb to Launch Staking As a Service With IOST

In a blog post published on April 14, 2020, South Korean cryptocurrency exchange Bithumb announced it would be launching staking as a service on April 20, 2020, with IOST (IOST) as the first cryptocurrency available for staking on the trading platform.

332 +

Huobi Korea Delists Monero Over Nth Room Case, Bithumb May Follow

Reports have emerged that participants in a Korean-based sexual exploitation ring used Monero for criminal acts. As a result, Bithumb is considering delisting the cryptocurrency. Huobi has already dropped it from its Korean exchange.

282 +

Bithumb Debuts Crypto Margin Trading Service with 5x Leverage

Bithumb global has announced to its users, the launch of the platform’s crypto margin trading service for Bitcoin (BTC) and Ether (ETH) against Tether (USDT). Details of the Bithumbbrin Global Margin Trading Service In a blog post published on its website, Bithumb Global — the international arm of the South Korean Bitcoin exchange behemoth announcedRead MoreRead More.

320 +

South Korean Crypto Exchanges Aid Police in Child Porn Investigation

South Korea’s four major cryptocurrency exchanges, Upbit, Bithumb, Coinone, and Korbit, reportedly stated that they would support the local police in investigating the so-called “nth rooms” phenomenon, which turned into a nation-wide scandal.

407 +