Bithumb Archives - FortuneZ

Bithumb Bans Its Staff to Trade Cryptos Using Internal Accounts

July 3, 2021

Bithumb, the largest South Korean cryptocurrency exchange, has announced that it had banned its employees from using internal accounts to trade with cryptocurrencies. According to the company, the measure see...

Morgan Stanley Reportedly in Talks for Bithumb Acquisition

March 19, 2021

Morgan Stanley has entered into negotiation to acquire stakes in Bithumb, the largest South Korean cryptocurrency exchange, according to local media, Asiae. An anonymous source from within the exchange has r...

Bithumb Acquisition: Vidente Debunks Claims on Nexon Partnership

January 8, 2021

Vidente, a major shareholder in Bithumb Korea, has officially denied the reports of a possible takeover of the South Korean cryptocurrency exchange by gaming giant, Nexon. As reported by The Korea Times, Vid...

Korean Police Summon Bithumb Chairman for Fraud Investigation

September 18, 2020

The Seoul Metropolitan Police Agency is closely investigating South Korea’s largest crypto exchange, Bithumb, and has recently summoned its chairman, Lee Jung Hoon, who is alleged of fraud. Reported by local...

Crackdown? South Korean Police Seize Bithumb

September 2, 2020

The Seoul Metropolitan Police Agency has reportedly raided and seized Bithumb, South Korea’s largest cryptocurrency exchange, over some allegations of fraud. Reported by the local newspaper Seoul Shinmun tod...

Bithumb Plans to Go Public in South Korea: Report

June 24, 2020

Bithumb, a leading South Korean crypto exchange, is preparing to go public in its home country, the local news outlet MoneyToday reported on Wednesday. The crypto exchange’s operator Bithumb Korea also hired...

Bithumb Names Back Young Heo as Its New CEO

May 25, 2020

South Korean crypto exchange Bithumb has promoted Back Young Heo as its new chief executive officer (CEO). Announced on Monday, Back joined the Korean exchange in 2017 as the head of compliance and was recen...

Bithumb Reports $30.5 Million in Profit for 2019

April 15, 2020

Bithumb, a leading South Korean crypto exchange, has reported a net profit of 37.2 billion won (around $30.5 million) for 2019. Announced on Tuesday, this is a major relief for the exchange giant following i...

Crypto Trading Volume Plummets Over 60% on South Korean Exchanges

March 23, 2020

Two top South Korean crypto exchanges – Bithumb and Upbit – recorded sales drops of 70 percent and 63 percent respectively since 2018. First reported by Coindesk Korea, the numbers were revealed by the paren...

Bithumb Taps Chainalysis for Tracking Suspicious Transactions

March 11, 2020

Bithumb, a major South Korean crypto exchange, has integrated Chainalysis’ investigations solution to ensure the legitimacy of transactions happening on its platform. The solution called Chainalysis Reactor ...