Tag: bithumb

bithumb

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Bithumb fined 37 billion won, faces 6-month biz suspension over anti-money laundering lapses

Korea's anti-money laundering agency has decided to fine Bithumb, a crypto exchange, some 37 billion won and impose a six-month partial business suspension over lapses in customer verification obligations and transactions with unregistered partners.

2026.3.16

A view of the Bithumb's customer center in Gangnam District, southern Seoul, on Feb. 10. [YONHAP]

빗썸 64조원 오발행 사고에 디지털 자산 신뢰성 위기

The erroneous transfer of Bitcoins worth 64 trillion won ($44 billion) at Bithumb has prompted financial authorities to scrutinize not only the internal control system but the overall reliability of digital asset service providers.

2026.2.24

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Cryptocurrency exchange Bithumb's headquarters in Seoul is seen on Feb. 24. [YONHAP]

Police investigate lawmaker for allegedly soliciting employment favors from Bithumb, Dunamu

Police have launched a probe involving a search and seizure into allegations that independent Rep. Kim Byung-kee attempted to use his influence to secure a job for one of his sons.

2026.2.24

Korea's financial watchdog extends Bithumb inspection to end of February after 60 trillion won Bitcoin bungle

The Financial Supervisory Service (FSS) has extended its inspection of cryptocurrency exchange Bithumb through the end of February following the mistaken payment of 60 trillion won ($41 billion) in Bitcoin tokens.

2026.2.19

Bithumb's $44 billion blunder lands entire digital asset ecosystem in the hot seat

The erroneous transfer of Bitcoins worth 64 trillion won ($44 billion) at Bithumb has prompted financial authorities to scrutinize not only the exchange's internal control system but the overall reliability of digital asset service providers.

2026.2.18

Bithumb CEO Lee Jae-won answers questions from lawmakers during a parliamentary hearing held at the National Assembly in western Seoul on Feb. 11, 2026. [NEWS1]

Bithumb promises payback to users hit by system mishap

Bithumb, Korea's second-largest crypto trader under fire for mistakenly sending out 620,000 Bitcoins to users, promised to compensate not only users whose tokens were liquidated due to the incident, but also those who sold their assets out of panic.

2026.2.11

Financial watchdog moves to fully investigate Bithumb after Bitcoin mishap

Financial regulators have escalated their response to Bithumb's massive erroneous Bitcoin payout worth 62 trillion won ($43 billion), shifting from an on-site inspection to a full formal investigation.

2026.2.10

A pedestrian passes by the Bithumb Lounge in Gangnam District, southern Seoul, on Feb. 9. [YONHAP]

Was there even a crime here? Bithumb mulls legal options to recover Bitcoin after $40B blunder.

Can Korea's second-largest cryptocurrency exchange press criminal charges or file civil suits against users who happened upon the wrongly received windfall and force them to return assets that remain unrecovered?

2026.2.9

Financial Supervisory Service Gov. Lee Chan-jin speaks to reporters during a press conference at Yeouido, western Seoul, on Feb. 9, held to share the organization’s annual policy agenda. Lee said Bithumb’s recent mispayment of 620,000 Bitcoins to its users starkly exposes the structural problems in virtual asset information systems. [FSS]

Bithumb’s Bitcoin blooper exposes structural weakness at crypto exchanges: FSS chief

Bithumb’s recent erroneous transfer of more than $40 billion worth of bitcoins exposed the structural problems in virtual asset systems.

2026.2.9

The prices of digital assets including the Bitcoin are displayed on a screen at Bithumb Lounge in Seocho District, southern Seoul, on Jan. 23. [NEWS1]

Bithumb to reimburse users, offer 10% compensation after Bitcoin snafu

Bithumb, one of Korea's crypto exchanges, said Sunday it will reimburse customers who suffered losses from panic selling triggered by an internal transfer error last week.

2026.2.8