Latest News and Articles about Bithumb
Bithumb Glitch Sparks CEX Crisis: DeepSnitch AI Shines Among Top Crypto Presales
Bithumb Glitch Exposes CEX Flaws: DeepSnitch AI and Top Crypto Presales Compared A jaw-dropping error at South Korean exchange Bithumb has laid bare the shaky ground centralized platforms stand on, while emerging blockchain projects vie to rebuild trust with decentralized innovation. On February 6th, a promotional blunder turned a $2 giveaway into a billion-dollar typo, […]
Read MoreHacker Returns $21M Bitcoin to South Korea: Exposes Crypto Security Flaws
Hacker Returns $21M Bitcoin to South Korea: A Wake-Up Call for Crypto Security A stunning twist in the world of cybercrime has unfolded as a hacker, who swiped 320.8 Bitcoin (BTC) worth roughly $21 million from South Korean prosecutors through a phishing scam last August, voluntarily returned the funds to the Gwangju District Prosecutors’ Office. […]
Read MoreBithumb’s $40 Billion Bitcoin Blunder: South Korean Exchange Faces Backlash Over Epic Error
Bithumb’s $40 Billion Bitcoin Catastrophe: South Korean Exchange Under Fire for Epic Transfer Error A monumental screw-up has shaken the cryptocurrency world to its core: Bithumb, a leading South Korean exchange, mistakenly transferred 620,000 Bitcoin—worth a staggering $40 billion and over 12 times its actual holdings. This disastrous error, born from shockingly outdated systems, has […]
Read MoreSouth Korea Cracks Down on Crypto Exchanges After Bithumb’s $40B Bitcoin Blunder
South Korea Slams Crypto Exchanges After Bithumb’s $40B Bitcoin Disaster South Korea, a powerhouse in the global crypto trading scene, is facing a monumental scandal as Bithumb, its second-largest exchange, mistakenly distributed 620,000 Bitcoin—worth over $40 billion—to 249 users during a promotional event gone horribly wrong. This catastrophic error, now infamously dubbed the “ghost Bitcoin […]
Read MoreSouth Korea’s 2026 Crypto Crackdown: Regulation vs. Blockchain Freedom
South Korea Cracks Down on Crypto by 2026: Balancing Oversight with Blockchain Innovation South Korea is poised to transform its cryptocurrency landscape with a hard-hitting regulatory overhaul by 2026, led by the Financial Supervisory Service (FSS). This ambitious plan aims to stamp out market manipulation and protect investors while simultaneously embracing blockchain advancements through security […]
Read MoreSouth Korea’s FSS to Use AI for Crypto Market Crackdown by 2026 After Bithumb Blunder
South Korea’s FSS Targets Crypto Market Abuse with AI Monitoring by 2026 South Korea’s Financial Supervisory Service (FSS) has dropped a bombshell plan to tackle rampant crypto market abuse by 2026, wielding advanced AI systems to sniff out manipulation and restore trust in a sector often marred by shady dealings. Sparked by a staggering blunder […]
Read MoreBitcoin Surges in South Korea: Kimchi Premium Hits 2.49% Amid Bullish Signals
Bitcoin Price Spikes in South Korea: Kimchi Premium Hits 2.49%, Signals Bullish Trend South Korea is making waves in the Bitcoin market once again as the notorious “kimchi premium” surges to 2.49%, showcasing intense local demand. On Korean exchanges like Bithumb, Bitcoin trades at a significant markup compared to global platforms like Binance, driven by […]
Read MoreBithumb Cuts Bitcoin Lending by 80% Amid South Korea Regulatory Crackdown
Bithumb Slashes Bitcoin and Crypto Lending Under South Korea Regulatory Pressure South Korea’s crypto heavyweight Bithumb has slammed the brakes on its lending ambitions, bowing to intense scrutiny from financial regulators. After launching with bold promises in July, the exchange has gutted its leverage ratios and lending caps, underscoring the fierce tug-of-war between decentralized innovation […]
Read MoreSouth Korea Tightens Crypto Lending Rules: Bithumb and Upbit Face New Leverage Limits
South Korea Cracks Down on Crypto Lending: New Leverage Rules for Bithumb and Upbit South Korea is slamming the brakes on the high-stakes game of crypto lending, with regulators gearing up to impose strict guidelines on leverage-heavy products that have retail investors walking a financial tightrope. The Financial Services Commission (FSC) and Financial Supervisory Service […]
Read MoreSouth Korea Targets Upbit, Bithumb Over Risky Crypto Lending Practices
South Korea Clamps Down on Upbit and Bithumb Over Risky Crypto Lending Practices South Korean financial regulators have put Upbit and Bithumb, the country’s dominant cryptocurrency exchanges, under intense scrutiny over their high-leverage crypto lending and margin trading products launched in July 2025. With leverage ratios as high as 4:1, concerns about investor safety, potential […]
Read MoreBithumb’s 2026 IPO and South Korea’s Stablecoin Surge: Crypto’s New Frontier
Bithumb’s IPO Gamble and South Korea’s Stablecoin Push: A Blockchain Balancing Act South Korea is making waves in the crypto world with two major developments that could reshape its blockchain landscape. Bithumb, one of the country’s heavyweight exchanges, is charging toward a 2026 initial public offering (IPO) on the KOSDAQ exchange with a strategic spinoff […]
Read MoreUpbit and Bithumb Halt SNX Deposits After sUSD Depeg Crisis
South Korean Exchanges Upbit, Bithumb Suspend SNX Deposits After Warning from DAXA South Korean crypto giants Upbit and Bithumb have halted deposits for Synthetix (SNX) following a warning from the Digital Asset Exchange Alliance (DAXA). This action was triggered by concerns over the depegging of sUSD, Synthetix’s stablecoin, which saw its value drop significantly below […]
Read MoreBithumb Raid: Ex-CEO Accused of Fund Misuse via Shell Companies
Bithumb’s Headquarters Raided Over Allegations of Fund Misuse by Former CEO In a shocking move, South Korean police stormed Bithumb’s headquarters, one of the country’s top crypto exchanges, over claims of massive fund misuse by its ex-CEO. This incident underscores the urgency for transparency and accountability within the cryptocurrency industry. Bithumb raided by South Korean […]
Read MoreBithumb Raided Over $2M Misconduct: Crypto Exchange’s Future in Jeopardy
Bithumb Under Investigation Amid Financial Misconduct Claims South Korean prosecutors raided Bithumb’s headquarters on March 20, 2025, launching an investigation into allegations of financial misconduct. The probe zeroes in on a 3 billion KRW ($2 million) security deposit used to secure an apartment rental for former CEO Kim Dae-sik. This latest scandal is a stark […]
Read MoreUpbit and Bithumb Pay Record $2.5M Crypto Compensation in South Korea After System Failures
Upbit and Bithumb Set Record with Biggest Ever Crypto Compensation in South Korea In a historic move following a tumultuous period, South Korea’s leading crypto exchanges, Upbit and Bithumb, have agreed to pay out the largest compensation in the nation’s crypto history due to system failures caused by a martial law declaration and a Bitcoin […]
Read MoreBithumb Targets Youth with Kookmin Bank Switch in 2025 Crypto Push
Bithumb Switches to Kookmin Bank, Targets South Korea’s Youth in Crypto Surge – Bithumb shifts to Kookmin Bank to engage South Korea’s younger demographic. – Transition set for March 2025, approved by South Korea’s financial watchdog. – Move reflects global trend of younger generations embracing cryptocurrencies. Bithumb, South Korea’s second-largest cryptocurrency exchange, is making a […]
Read MoreBithumb’s Ex-CEO Jailed for 2 Years in Bribery Scandal: Crypto Corruption Exposed
Former Bithumb CEO Lee Sang-jun Sentenced to Two Years for Bribery in South Korea Lee Sang-jun, the former CEO of Bithumb, South Korea’s largest cryptocurrency exchange by trading volume, has been sentenced to two years in prison for accepting bribes in a fraudulent token listing scheme. The case involves a complex web of corruption that […]
Read MoreSouth Korean Court Jails Bithumb CEO and Golfer for Crypto Bribery and Market Manipulation
South Korean Court Jails Bithumb CEO and Golfer in Crypto Bribery Scandal A South Korean court has sentenced former Bithumb CEO Lee Sang-jun to two years in prison and celebrity golfer Ahn Sung-hyun to four and a half years for their roles in a bribery and market manipulation scheme. The case highlights the darker side […]
Read More