2023-1-4 10:23 |
The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb. origin »
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The sentencing hearing is set for Dec. 20 and could see the former chairman of South Korean crypto exchange Bithumb behind bars for a maximum of eight years if found guilty.
2022-10-26 08:55 | |
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As per the South Korean news agency Yonhap, the prosecutors in South Korea are seeking Lee Jung-hoon, the former head of the cryptocurrency trading company Bithumb, to serve up to eight years in jail The post Cryptocurrency exchange Bithumb ex-chair could face jail term, here's why appeared first on AMBCrypto.
2022-10-26 21:00 | |
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Coinspeaker Prosecutors Seek 8-year Jail Term for Owner of Top South Korean Crypto Exchange Bithumb Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale.
2022-10-25 15:55 | |
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Bithumb is still struggling to find investors due to legal risks associated with its former de facto owner, Lee Jung-hoon
2022-10-25 11:02 | |
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Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration.
2019-2-27 23:13 | |
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An investigation conducted by Crypto Exchange Ranks (CER) has alleged that Bithumb, the largest Korean digital currency exchange by volume, has drastically inflated its reported trade volume during the second half of 2018.
2018-12-21 03:00 | |
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Aiming to create an SEC and FINRA-compliant U. S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. According to an announcement made on November 1, 2018, officials behind the venture look to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.
2018-11-1 19:06 | |
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Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.
2018-10-13 23:34 | |
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South Korea has approved plans to establish a new 20 trillion won investment account within its sovereign wealth fund to finance artificial intelligence, data centers and other strategic industries while allowing domestic investments for the first time. According to a…
South Korean police have searched the home of former Incheon Mayor Yoo Jeong-bok and city offices as part of an investigation into allegations that cryptocurrency assets were omitted from his local election financial disclosure.
KOSPI trading stopped for 20 minutes after an 8.02% fall, while SK Hynix’s ADR closed below its $149 IPO price before earnings.
Mirae Asset has rebranded South Korean cryptocurrency exchange Korbit as Digital X after completing its acquisition of a controlling stake, positioning the platform as the centerpiece of its digital asset strategy.
South Korean brokerage Kiwoom Securities has entered negotiations to acquire a stake in cryptocurrency exchange Bithumb through a planned purchase of newly issued shares, local media reported on Monday.
South Korea has expanded cryptocurrency disclosure requirements for its public debt relief program by including virtual asset holdings in applicant asset reviews and linking debt forgiveness more closely to repayment capacity.
South Korea fined Bithumb 210m won for sending user data overseas without consent and ordered fixes as blockchain privacy rules expand now.