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Bithumb Seeks CEO Reappointment Despite AML Penalties, Bitcoin Glitch

Bithumb, South Korea's second-largest cryptocurrency exchange, is reportedly seeking to reappoint its CEO, Lee Jae-won, for another two-year term. The move comes despite recent...

South Korea fines Bithumb $24.5M, imposes 6-month suspension over AML violations

South Korean regulators have fined cryptocurrency exchange Bithumb $24.5 million and imposed a six-month partial business suspension. The penalties follow an investigation that identified...

South Korea’s FIU Threatens Bithumb with 6-Month Partial Suspension Over AML Failures

South Korean regulators have issued a preliminary notice to the crypto exchange Bithumb, warning of a potential six-month partial business suspension and sanctions against...

South Korea’s FIU Issues Bithumb Preliminary Sanction Notice for AML Violations

South Korea's Financial Intelligence Unit has issued a preliminary sanctions notice to cryptocurrency exchange Bithumb for alleged anti-money laundering compliance failures. The notice outlines...

Bithumb Faces Potential Six-Month Suspension South Korea AML Violations

South Korea's Financial Intelligence Unit has issued a preliminary notice for a six-month partial suspension to cryptocurrency exchange Bithumb over alleged anti-money laundering and...

South Korean Lawmakers Slam Regulators After Bithumb’s Huge Bitcoin Error

South Korean lawmakers are intensifying scrutiny of financial regulators after cryptocurrency exchange Bithumb erroneously credited customers with 620,000 Bitcoin it did not own. The...

Bithumb Weighs Legal Action to Recover $43B Error Payouts From Users

South Korean cryptocurrency exchange Bithumb is attempting to recover billions in Bitcoin mistakenly distributed to users during a promotional event. Lawyers indicate the exchange...

South Korea Launches Probe After Bithumb’s $40 Billion Bitcoin Error

South Korean regulators have launched a full probe into cryptocurrency exchange Bithumb and the broader industry after the platform mistakenly distributed over $40 billion...

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