South Korean court freezes Bithumb investor’s shares

South Korean court freezes Bithumb investor’s shares
фото показано с : invezz.com

2020-9-18 00:42

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.

Previously, Bithumb has been a hot topic among the crypto community. As it was the second cryptocurrency exchange to come under police scrutiny. South Korea is a booming cryptocurrency market place and cryptocurrency exchanges operating in the country have done pretty well.

According to South Korean media outlet Newsfreezone, the Seoul Central District Court passed an order to seize the share of Bithumb investors on September 14th, 2020.

Bithumb’s previous history

The major cryptocurrency exchange Bithumb came under inspection of Seoul Police due to certain accusations. The chairman of Bithumb was found defrauding Bithumb’s customers by fooling them into buying fake tokens. This stance caused investors to lose $25 million. Besides, Bithumb was also held responsible for the hacking event in 2017. That said, such allegations are paralyzing the exchange from within and outside.

Bithumb’s board chairman Lee Jung-hoon was accused of selling BAX tokens by claiming them as Bithumb’s native token which is reality was never even listed by the exchange. The Seoul Metropolitan Police initially conducted an inspection which then led to another inspection in just a matter of one week. Amidst second investigation news was that daily trading volume was not affected. However, this will not be the case this time.

The dispute between Kim and Lee

After failing to acquire Bithumb and even getting sued twice in such a process, Kim Byung-Geon has officially filed an application against Bithumb’s Chairman Lee Jung-hoon. The application implies to seize Lee Jung-hoon’s shares in the cryptocurrency exchange Bithumb. Kim Byung-Geon has served Bithumb for quite some time as a director.

Notably, the inspection was concluded on 16th September 2020. And it was supervised by Samjong KPMG, the firm tends to sell the rest of the holdings in Bithumb exchange.

The post South Korean court freezes Bithumb investor’s shares appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

South African Rand (ZAR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ZAR

south bithumb korean worry using customers platform

Источник: invezz.com

south bithumb → Результатов: 126


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.

2020-9-9 17:04


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.

2020-9-2 15:30


Фото:

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.

2020-5-14 12:21


Bithumb Global Launches 5X Margin Trading For BTC and ETH Paired With USDT

South Korea’s biggest crypto exchange platform Bithumb has announced the introduction of leverage trading for both Bitcoin as well as Ether (ETH) on the global platform, Cointelegraph reports. According to the exchange, the move was necessitated by a sudden increase in demand for crypto services owing to the ongoing global lock down. However, the new […]

2020-4-8 21:06


Фото:

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.

2020-4-5 17:00


South Korea’s UPbit, Bithumb Reveal Substantial Drop in Trading Volumes In Last 2 Years

Top South Korean crypto exchange platforms, Upbit and Bithumb, have witnessed a massive decrease in their trading volumes of 70% and 63% respectively compared to their 2018 results, Decrypt reports. According to Financial Supervisory Services (FSS), Dunamu, which is Upbit’s parent company, saw its annual profits decrease by 93% to approximately $7.4 million. The nosedive […]

2020-3-24 22:04


BOSAGORA Continues to Impress as Digital Currency BOA Lists on Bithumb

Bitcoin Press Release: BOSAGORA, a next generation smart-contracting blockchain which showed impressive results in 2019, has now listed on the major South Korean exchange Bithumb.   8th March 2020, Seoul, South Korea – BOSAGORA’s native token BOA, which is governed by a democratic “Congress Network” of its users, saw a staggering 279% growth in Q4 of […] The post BOSAGORA Continues to Impress as Digital Currency BOA Lists on Bithumb appeared first on Bitcoin PR Buzz.

2020-3-10 12:06


Bithumb Signs MoU With BitMax To Expand Cryptocurrency Services In The Global Market

South Korean cryptocurrency exchange, Bithumb enters into a strategic partnership with BitMax, a Singapore based exchange founded in 2018. According to the official announcement, the partnership aims to boost the development of blockchain and crypto solution across the industry with a key focus on liquidity on exchanges.

2020-2-18 16:51


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is A Bitcoin Sell-Off Coming? US Government Moves 10,000 BTC To Coinbase

As the Bitcoin price consolidates just below its all-time high of $99,540, a significant move by the US government has raised concerns among investors. The government has transferred a substantial amount of its seized Bitcoin holdings to Coinbase, potentially signaling intentions to sell.

XYO token soars 125% in 24 hours to lead top gainers

XYO, the native token of the decentralized physical infrastructure network project of the same name, has soared more than 125% in 24 hours. The XYO token traded to highs of $0.01951 and saw its daily volume skyrocket over 2,300% to…

Litecoin gains pushes 80% of LTC holders into profit

Litecoin has gained more than 27% in the past week, pushing the number of addresses in profit to nearly 80%. According to data from analytics platform IntoTheBlock, Litecoin’s (LTC) recent price surge has led to a significant increase in profitable…

Can you exchange cryptocurrency for cash?

Your digital fortune can transform into real money, and you can enjoy a nice outing with your friends. Turning your crypto coins into cash might seem hard, but it’s a straightforward process. At this time, many cryptocurrency users are interested…

Arbitrum launches $1m grants program to bolster AI innovation

Arbitrum Foundation has introduced a $1 million grants program aimed at boosting artificial intelligence innovation on the Arbitrum network. The Trailblazer AI Grant is an initiative that will offer grant support for builders looking to bring innovative AI projects to…