Cryptocurrency exchange Bithumb is planning to open a money laundering prevention center in South Korea.
Local news outlet Korea JoongAng Daily reported that the center, which is planned to be established in July, will have a team made of 30 cybersecurity experts,
Five South Korean cryptocurrency exchanges have changed their terms of service in line with demands from the country’s antitrust watchdog.
After receiving corrective recommendations from South Korea’s Fair Trade Commission (FTC) in April 2018, Bithumb and four other crypto exchanges have agreed to increase their liability to users.
Blockchain Exchange Alliance (BXA), the parent company of South Korean crypto exchange Bithumb, has received $200 million in funding from Japan’s ST Blockchain Fund.
BXA provides user-friendly payment services, including e-commerce, gaming and the sharing economy. It is working toward launching new digital financial services,
The payment for the acquisition of BTC Korea.com, the operator of South Korean crypto exchange Bithumb, has been postponed by Singapore-based BK Global Consortium.
In October 2018, BK Global Consortium, a blockchain investment firm led by plastic surgeon Kim Byung-gun, signed a deal to buy 50 percent plus one share in Bithumb’s biggest stakeholder,
South Korean cryptocurrency exchange Bithumb has reportedly lost around $13 million worth of cryptocurrency EOS in a security breach.
In an online post, Bithumb said that it detected some “abnormal withdrawal” of EOS at around 10:15 pm on March 29. According to the exchange,
South Korean cryptocurrency exchange Bithumb has partnered with Abu Dhabi-based N-VELOP to establish a joint venture cryptocurrency exchange in the United Arab Emirates (UAE).
N-VELOP is a joint venture between Abu Dhabi investment fund E11 and the Asian Venture Capital Trill Venture Group.
South Korean crypto exchanges Bithumb, Coinone, Korbit, and Upbit have joined forces to fight potential money laundering and protect the interests of users in the country.
The four crypto exchanges recently established a “hotline” to allow sharing real-time wallet information on suspicious or unusual trading activities that are suspected to involve criminal acts,
South Korea’s four largest cryptocurrency exchanges have set up a joint Anti-Money Laundering (AML) initiative. Bithumb, Coinone, Korbit, and Upbit claims the initiative aims to increase AML efforts and foster a healthier trading environment.
The move comes at the behest of the South Korean government,
South Korean cryptocurrency exchange Bithumb has won a lawsuit in which an investor accused the exchange of allowing hackers to steal his cash and crypto holdings.
According to court documents, the investor, Ahn Park, claimed that on Nov. 30 2017, he placed more than 400 million Korean won ($355,000 USD) in his Bithumb account and within hours an unidentified hacker had compromised his account and exchanged the cash for ethereum,
South Korean crypto exchange Bithumb has rolled out a new public voting platform designed to screen tokens vying to list on the cryptocurrency exchange.
Called Pickthumb, the public voting platform aims to strengthen the “transparency and fairness” of Bithumb’s cryptocurrency evaluation and listing process.
