Bithumb | ForkLog

ForkLog 26 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 28 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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ForkLog 21 25.10.2022

Former Bithumb chief faces potential prison term

The former chairman of the Bitcoin exchange Bithumb, Lee Jong-hoon, could face an eight-year prison term on charges of defrauding investors of $70 million. Prosecutors have made similar demands, Yonhap reports.

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ForkLog 12 22.07.2022

Bloomberg reports FTX in talks to acquire Bithumb

The cryptocurrency exchange FTX, owned by Sam Bankman-Fried, is in preliminary talks to acquire the South Korean platform Bithumb, Bloomberg reports, citing an anonymous source.

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ForkLog 14 23.05.2022

Bithumb and Upbit Move to Delist Litecoin After MimbleWimble Upgrade

Some of South Korea's largest cryptocurrency exchanges, Bithumb and Upbit, issued warnings to users regarding Litecoin (LTC) after the MimbleWimble Extension Block (MWEB) upgrade.

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ForkLog 13 25.01.2022

Bithumb to block withdrawals to unverifiable wallets

South Korean bitcoin exchange Bithumb will prohibit users from withdrawing crypto assets to unverifiable third-party wallets. The new rule will take effect on 27 January 2022, according to the blog.

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ForkLog 8 18.01.2022

Bithumb to launch NFT marketplace

South Korean bitcoin exchange Bithumb, with backing from a "major company", will launch an NFT marketplace in the first half of 2022. Signal reports.

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ForkLog 28 03.09.2021

Bithumb to require verification for foreign users

South Korean bitcoin exchange Bithumb will restrict access to foreigners who do not verify their identity via mobile phone, The Korea Herald reports.

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ForkLog 7 06.07.2021

Media reports a lawsuit against Bithumb following the closure of its Thailand subsidiary

An unnamed company from Thailand is preparing to file a lawsuit against Bithumb's Hong Kong subsidiaries. The Korea Times reports this.

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ForkLog 12 02.07.2021

Bithumb to ban employees from trading cryptocurrencies on the exchange

South Korean cryptocurrency exchange Bithumb will bar its employees from using accounts on the platform to trade digital assets. The company said this in a statement.

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ForkLog 15 26.04.2021

Case of former Bithumb chief referred to South Korean prosecutors

The Seoul Metropolitan Police Agency has handed the case of the former Bithumb CEO Lee Jong-hoon to the South Korean Prosecutor's Office. CoinDesk reports.

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ForkLog 9 12.04.2021

Bithumb Global to list energy-backed BitRiver token

BitRiver's data-centre operator released the BTR token, whose price is pegged to the annual cost of 1 watt of electricity. Trading of the asset will begin on April 19 on the Bithumb Global cryptocurrency exchange.

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