Bithumb
Bithumb Files to Seize Bitcoin From Holdouts After $43B Blunder
Bithumb is pursuing legal action to recover 7 BTC from users who refused to return funds mistakenly credited during a system error. The incident involved an over $40 billion payout mistake, raising concerns about platform security and oversight.
Bithumb postpones IPO to 2028 amid compliance issues and market worries
South Korea’s Bithumb has postponed its IPO planned for 2026 to 2028 due to regulatory hurdles and market instability. The delay aims to strengthen controls and choose a better time for listing, affecting the domestic crypto market trajectory.
South Korea fines Bithumb $24M and orders 6-month partial business suspension over AML breaches
South Korea fined crypto exchange Bithumb $24 million and ordered a six-month partial business suspension for extensive AML and KYC violations. This enforcement signals tougher regulatory compliance expectations for crypto platforms in the country.
South Korean Regulators Under Fire for $43B Bitcoin Error at Bithumb
South Korean regulators are under scrutiny after a $43 billion Bitcoin reporting error at Bithumb, prompting calls for regulatory reforms. The incident highlights ongoing tensions and the need for greater transparency in the country's crypto sector.