Bithumb | ForkLog

ForkLog 13 20.03.2025

Bithumb Offices Raided Amid Former Director’s Scandal

South Korean authorities have conducted raids on the offices of the cryptocurrency exchange Bithumb. The investigation focuses on the alleged misuse of corporate funds by the platform’s former director, Kim Dae-sik, to purchase a personal apartment. This was reported by local media outlet YTN. The case involves funds from a deposit for an apartment in […]

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ForkLog 21 26.12.2024

Former Bithumb Holdings CEO Sentenced to 4.5 Years for Bribery

The former CEO of Bithumb Holding, An Seong-hun, has been found guilty of fraud and sentenced to 4.5 years in prison. The decision was handed down by the Seoul Southern District Court on December 26, according to local media. Court documents reveal that between September and November 2021, An Seong-hun, along with another former CEO […]

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ForkLog 11 17.04.2024

South Korean Won Surpasses Dollar in Crypto Exchange Turnover, Reports Kaiko

In the first quarter of 2024, the South Korean won surpassed the US dollar in total trading volume on Bitcoin exchanges, reaching $456 billion compared to $445 billion. These estimates were presented by Kaiko. Source: Kaiko. The last time such high activity was observed on South Korean cryptocurrency platforms was two years ago. The drivers […]

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ForkLog 12 18.01.2024

Former Bithumb Chairman Acquitted of Fraud Charges Again

On January 18th, the Seoul High Court acquitted Lee Jong-hoon, the former chairman of the South Korean cryptocurrency exchange Bithumb, for the second time on charges of fraud and deceiving investors out of $70 million, according to local media. The lawsuit against Lee was filed by cosmetic surgeon and co-founder of the Blockchain Exchange Alliance […]

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ForkLog 14 13.11.2023

Media reports on Bithumb’s plan to list on the local stock exchange

The South Korea-based Bitcoin exchange Bithumb will go to the local stock market. An IPO on KOSDAQ is scheduled for the second half of 2025, according to Edaily.

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ForkLog 6 15.05.2023

Raids at Upbit and Bithumb Over Suspicious Crypto Transactions by Deputy Kim Nam-kuk

South Korean prosecutors conducted raids and asset seizures at the offices of the Upbit and Bithumb bitcoin exchanges in connection with an investigation into suspicious transactions by National Assembly deputy Kim Nam-kuk.

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ForkLog 5 10.02.2023

1inch Network to integrate with Web3-wallet Burrito Wallet from Bithumb

The 1inch Network liquidity aggregator from decentralized exchanges will integrate with the {{AOPEN_1}}Web3{{ACLOSE_1}}-wallet Burrito Wallet from the Korean cryptocurrency exchange Bithumb.

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ForkLog 9 02.02.2023

Media reports arrest of Bithumb owner

In South Korea, the owner of the cryptocurrency exchange Bithumb, Kan Joon-hen, was arrested on suspicion of embezzlement and manipulating the share prices of several affiliated firms. Local media report.

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ForkLog 9 27.01.2023

South Korean prosecutors raid Bithumb offices

On 26 January, the Seoul Southern District Prosecutors' Office conducted searches at the offices of the cryptocurrency exchange Bithumb as part of an investigation into price manipulation of an unnamed coin.

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ForkLog 15 26.01.2023

Media: Bithumb owner placed on police’s wanted list

The Seoul Prosecutor's Office issued an arrest warrant for the owner of the cryptocurrency exchange Bithumb, Kan Jhon Hen, suspected of embezzlement and manipulating the stock price.

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ForkLog 13 16.01.2023

Court orders Bithumb to compensate customers for platform outages

The Supreme Court of Korea ordered Bithumb to pay a total of 251.4 million KWN ($202,400) on behalf of 132 investors as compensation for damages due to the platform's temporary downtime, Yonhap reports. The incident occurred on November 12, 2017. The services were down for about an hour and a half. Initially the district court rejected the claim, forcing the investors to appeal. The Supreme Court delivered the opposite verdict.

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ForkLog 18 10.01.2023

South Korea’s tax authority opens investigation into Bithumb

South Korea's National Tax Service (NTS) has begun a special investigation into the operators of the cryptocurrency exchange Bithumb, Yonhap reports.

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