Definition Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions. Quick Take Over $200 million worth of Bitcoin was withdrawn from exchanges on March 8. This is...
Tag: Bithumb
Bithumb Announces New Trading Pair For SHIB
Join Our Telegram channel to stay up to date on breaking news coverage What – In a recent announcement, Bithumb, one of the leading cryptocurrency exchanges, has revealed a new trading pair for SHIB. ...
Bithumb owner arrested over embezzlement charges in South Korea
Kang Jong-hyun, the suspected owner of South Korea’s largest crypto exchange, Bithumb, was arrested on charges of alleged embezzlement. Kang was accused of stealing 60 billion won from his company and...
Bithumb Owner Arrested Over Alleged $50 Million Embezzlement Charges
According to local media reports, the owner of South Korea’s largest cryptocurrency exchange, Bithumb, was arrested in the country on Thursday on accusations of alleged embezzlement and stock manipula...
Bithumb Owner Kang Arrested In South Korea Over Embezzlement
Kang Jong-hyun, the purported de-facto proprietor of the local bitcoin exchange known as Bithumb, was taken into custody by South Korean authorities on allegations of stock manipulation and embezzleme...
Bithumb Offices Raided as Legal Woes Pile up (Report)
More troubles for South Korean crypto exchange Bithumb brews as its offices were reportedly raided on Thursday. Authorities launched an investigation into potential price manipulation of a coin listed...
South Korean prosecutors request arrest warrant for Bithumb owner: Report
According to local news outlet Infomax, South Korean prosecutors requested an arrest warrant on Jan. 25 for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb. Kang is wanted on all...
Korean prosecutors issue warrant for Bithumb owner
Korean prosecutors have issued an arrest warrant for Kang Jong-Hyeon, the alleged Bithumb crypto and derivatives exchange owner. According to reports, the executive is wanted for embezzlement of funds...
Prosecutors in Seoul Issue Arrest Warrant for Bithumb Owner
Kang Jong-Hyeon along with two others charged with embezzlement and breach of trust. A warrant has been issued for the arrest of Kang Jong-Hyeon, the owner of Bithumb, South Korea’s largest crypto exc...
Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” ...
Bithumb ordered to pay outage damages to investors by South Korean court
The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts. On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchang...
Bithumb ordered to pay damages for outage during bitcoin’s 2017 rally: Yonhap
Crypto exchange Bithumb has been ordered to pay $200,000 in damages to more than a hundred investors over an exchange outage during bitcoin’s rally in 2017. Bithumb has been ordered to pay...
South Korea Goes After Bithumb for Another Tax Evasion Scandal
Bithumb Holdings comes under federal probe for suspected tax evasion. The current probe is the second time Bithumb has been subject to a tax investigation. Bithumb ranks among the top 10 crypto exchan...
NTS of South Korea Probes Bithumb over Possible Tax Evasion
NTS is investigating Bithumb over possible tax evasion. They were previously accused of similar incidents in 2018, but the charges were reversed. From January 2023, crypto gains over KRW 2.5 million...
A-Z of what went wrong with Bithumb exchange and the road ahead
The National Tax Service (NTS) of South Korea is conducting a “special tax examination” on Bithumb Korea and Bithumb Holdings. The authorities have also looked into Kang Ji-yeon and Kang Jong-Hyeon, t...
South Korea Starts Investigating Crypto Exchange Bithumb (Report)
The National Tax Service (NTS) of South Korea has reportedly hit Bithumb Korea and Bithumb Holdings with a “special tax investigation” to determine whether the cryptocurrency platform has complied wit...
South Korean regulators target Bithumb in new probe
South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports. On Jan. 10, tax agents reportedly raid...
The Block: Bithumb probed by South Korean tax officials: Yonhap News Agency
The National Tax Service (NTS) of South Korea has reportedly launched a “special tax investigation” into Bithumb Korea and Bithumb Holdings. On Jan. 10, tax agents raided BithumbR...
Former Bithumb Chairman Lee Jung-Hoon Not Guilty: Report
The former chairman of South Korea’s Bithumb exchange, Lee Jung-Hoon, has been found not guilty of fraud by the Seoul Central District Court’s 34th Division of the Criminal Agreement, according ...
Bithumb former chair Lee Jung-Hoon acquitted in the first instance
Lee Jung-hoon, the former chair of the South Korean cryptocurrency exchange Bithumb, was found not guilty on Jan. 3 by the 34th Division of the Criminal Agreement of the Seoul Central District Court. ...
Former chairman of S Korean crypto exchange Bithumb not guilty
Lee Jung-Hoon, the former chairman of South Korea’s Bithumb exchange, was declared not guilty of fraud over the failed acquisition of the exchange according to a report by the Korea Economic Dai...
South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud
Lee Jung-hoon, the former chairman of the crypto exchange Bithumb, was acquitted by a South Korean court on Jan. 3. The 34th Division of the Criminal Agreement of the Seoul Central District ruled that...
Former Chair of Bithumb Exchange Acquitted in $70M Fraud Case
4 hours ago | 2 mins read Exchange News The issue has been going on since October of last year. Bithumb’s biggest shareholder CEO Park Mo was discovered dead on Dec 30th. On January 3, 2023, the 34th ...
Former Bithumb chair Lee Jung-Hoon found not guilty
Lee Jung-hoon, the former chairman of Bithumb, is now free of all charges in South Korea. He was alleged to have defrauded the business of $70 million during the acquisition of the crypto exchange. On...
Bithumb Founder Acquitted of Fraud Charges, Dodges Jail Time
Bithumb founder Lee Jung-hoon, who was on trial for allegedly defrauding $70 million, was declared not guilty and dodged a hefty jail sentence. Local media reports confirmed that the executive was acq...
The Block: Bithumb’s former chair Lee Jung-Hoon found not guilty: Korea Economic Daily
The former chair of the South Korean crypto exchange Bithumb, Lee Jung-Hoon, was reportedly found not guilty by the Seoul Central District Court’s 34th Division of the Criminal Agreement. ...
Bithumb shareholder dies amid embezzlement allegations
One of the Bithumb crypto exchange’s largest shareholders reportedly died on December 30. According to the reports, Mr. Park Mo was said to have been found dead in front of his house very early in the...
Bithumb executive committee member found dead during investigation
A vice president of Vident, a division of the virtual currency exchange Bithumb, was discovered dead today in front of his residence in Dongjak-gu, Seoul, South Korea. South Korean investigators are l...