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South Korean Bithumb Airdrop Recipients Hit With Tax Bills, Exchange Responds
14.5.2024
South Koreans who received airdrop tokens and prizes from the Bithumb crypto exchange from 2018 to 2021 could face unexpected tax bills.
The post South Korean Bithumb Airdrop Recipients Hit With Tax Bills, Exchange Responds appeared first on Cryptonews
South Korea’s Bithumb May Re-appoint CEO as Exchange Edges Toward IPO
7.5.2024
South Korea’s Bithumb crypto exchange may re-appoint its CEO Lee Jae-won, as the trading platform seeks to complete its planned initial public offering (IPO).
The post South Korea’s Bithumb May Re-appoint CEO as Exchange Edges Toward IPO appeared first on Cryptonews
Bithumb Korea Posts Disappointing Financial Figures – Despite Bumper Transaction Volumes
3.4.2024
Bithumb Korea, the operator of the Bithumb crypto exchange, has reported a year-on-year decline in profitability for the Financial Year 2023, despite recent upturns in trading volumes.
The post Bithumb Korea Posts Disappointing Financial Figures – Despite Bumper Transaction Volumes appeared first...
Worldcoin Controversy ‘Benefiting’ South Korea’s Bithumb Exchange
8.3.2024
Worldcoin controversy in South Korea is driving trades on the Bithumb crypto exchange, a media report has claimed.
The post Worldcoin Controversy ‘Benefiting’ South Korea’s Bithumb Exchange appeared first on Cryptonews
South Korean Crypto Exchange Bithumb Reinstates Commission Fees After Four Months
6.2.2024
The South Korean crypto exchange Bithumb ended its four-month campaign of commission-free crypto trading on February 5. Per Insight Korea, Bithumb began charging a 0.04% fee “for all crypto transactions starting from February 5.” Bithumb vs Upbit: South Korean Crypto Exchange Rivals Go to War?...
S Korean Prosecutors Raid Bithumb in Price Manipulation Probe, Hope to Arrest ‘Owner’
26.1.2023
The South Korean crypto exchange Bithumb has suffered another double blow from the nation’s prosecutors – who have raided the exchange in a price manipulation probe. Officers also want to arrest Bithumb’s suspected largest shareholder on embezzlement charges.
YTN reported that the Seoul Southern...
Executive Linked to Crypto Exchange Bithumb Found Dead Outside His Home: Report
4.1.2023
An executive of the largest shareholder of cryptocurrency exchange Bithumb was found dead outside his home. He allegedly committed suicide by jumping off a building while under investigation by Korean prosecutors for embezzlement and stock market manipulation. Executive Found Dead Amid...
Prosecutors Raid Three Bithumb ‘Affiliates’ as Shareholder Scrutiny Intensifies
10.10.2022
A number of South Korean firms related to the crypto exchange Bithumb – including the firm that owns a controlling share of its stock – have been raided by the prosecution service on embezzlement charges....
Read More: Prosecutors Raid Three Bithumb ‘Affiliates’ as Shareholder Scrutiny Intensifies
Bithumb crypto exchange reportedly bans foreigners without mobile KYC
3.9.2021
Bithumb’s stricter KYC requirements come in line with South Korea’s tightened Anti-Money Laundering regulations regarding foreign users of crypto exchanges
North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report
7.4.2021
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. Hackers...
South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018
13.2.2021
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. Funds Ended Up in a Wallet With an Unknown...
South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
8.1.2021
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...
Bitstamp, Korbit Owner Set to Take Control of Bithumb Crypto Exchange
7.1.2021
The owner of Nexon, the South Korean gaming giant and the owner of the Bitstamp and Korbit crypto exchanges has reportedly agreed a deal worth USD 458 million to buy a controlling stake in Bithumb, the nation’s market-leading trading platform.
Bithumb has been looking for a sale for several months...
Bithumb crypto exchange temporarily closes some offices due to COVID-19
23.11.2020
Bithumb’s offline support center in Gangnam is closing down due to COVID-19
Exclusive: Bithumb set to launch DeFi platform as a Polkadot Parachain
13.10.2020
This one won't just be another instance of CeDeFi, the exchange reassures
Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill
29.12.2019
South Korean cryptocurrency exchange considers litigation after the local tax authority imposed a $68.9 million tax bill on it
Bithumb Global Announces New Features of Recently Launched “Bithumb Global” 1.0 Version
3.10.2019
Bithumb Global, Bithumb Korea’s global platform, has announced new initiatives and upcoming features on their newly unveiled “Bithumb Global” version 1.0. Bithumb Korea is the top digital currency exchange of South Korea since its inception in 2014. The exchange made an official announcement...
Bithumb Global to Initiate Talks with Indian Government to Launch Regulated Exchange
3.10.2019
South Korea based highly-reputed cryptocurrency exchange, Bithumb Global has announced that is gearing up to launch a regulated bitcoin exchange in India with an intention to proliferate cryptocurrency trade in the Indian market space. According to the news broadcast, Bithumb Global will strive...