Bithumb

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South Korea Fines Bithumb $25M and Orders 6-Month Partial Suspension Over AML Violations

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South Korean regulators have imposed a roughly $25 million fine and a six-month partial business suspension on crypto exchange Bithumb after finding millions of anti-money-laundering and identity-verification violations. Bithumb Sanctioned by South Korean FIU Over Identity Verification Failures Reports note that South Korea’s Financial Intelligence Unit (FIU), operating under the Financial Services Commission, finalized sanctions … Read more

Bithumb’s Accidental $44 Billion Bitcoin Overpayment Triggers Sudden Inspection, Scrutiny of Internal Controls

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South Korea’s Financial Supervisory Service launches a formal inspection of Bithumb over a $44 billion bitcoin overpayment accident and possible custody and control failures. The Financial Supervisory Service (FSS) escalates a field review to a formal inspection of Bithumb in Seoul in early February 2026, adding personnel to probe how roughly 620,000 bitcoins were paid … Read more

South Korean Financial Regulator to Probe Crypto Market Manipulation, Impose Penalties for IT Failures

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South Korea’s Financial Supervisory Service announced a planned targeted investigation into high‑risk crypto market manipulation tactics — including large “ whale” trades, exchange withdrawal halts used to rig prices, API‑based manipulation, and coordinated social‑media misinformation. The regulator also said it will develop artificial intelligence (AI) analytics to detect suspicious rapid price spikes and suspect groups, … Read more

South Korea’s Bithumb Exchange Accidentally Sends $44 Billion in Bitcoin to Users

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South Korean cryptocurrency exchange Bithumb mistakenly distributed approximately 620,000 bitcoins, worth around $44 billion, to 695 customers during a promotional event. The company quickly acted to restrict trading and withdrawals, claiming to have recovered 99.7% of the erroneously distributed cryptocurrency within 35 minutes of the incident. The exchange emphasized that the mistake was not caused … Read more

Upbit Towers Over Rivals as South Korea’s Primary Crypto Liquidity Hub, Research Finds

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Liquidity on South Korea’s cryptocurrency exchanges looks deceptively simple on the surface, but Kaiko Research finds that beneath the headline volumes lies a far more nuanced—and occasionally unforgiving—market structure. South Korea’s Crypto Liquidity Is Complicated—Kaiko Research Explains Why In its report, “The State of Liquidity on Korean Crypto Markets,” Kaiko Research defines liquidity not as … Read more

BOB Skyrockets Over 120% After South Korea’s Bithumb Exchange Listing

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Hybrid layer-2 blockchain Build on Bitcoin (BOB) experiences dramatic price surge following major korean cryptocurrency exchange debut. Hybrid Layer Two (L2) blockchain Build on Bitcoin (BOB) was listed on South Korean cryptocurrency exchange Bithumb on December 3, 2025, with its token price rising dramatically by over 120% immediately following the listing. The exchange will support … Read more

Report: South Korea’s Bithumb to Spin Off Non-Core Units Ahead of IPO

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Bithumb is breaking itself in two as it races toward an IPO, carving out its exchange and investment units to streamline operations and court investors. Bithumb’s Corporate Split Sets Stage for IPO Local media reports that the South Korean cryptocurrency exchange Bithumb is restructuring its operations ahead of a planned initial public offering (IPO) in … Read more

Korean Exchange Bithumb to Sponsor FC Seoul, One of the Country’s Leading Soccer Clubs

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Bithumb, one of the largest cryptocurrency exchanges in Korea by trading volume, has signed a sponsorship deal with FC Seoul. This initiative, which marks the exchange’s eighth project aimed at contributing to various cultural fields, will see Bithumb serve as an official sponsor for the 2025 season. FC Seoul, one of Korea’s most popular professional … Read more

Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO Plans

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Bithumb, one of South Korea’s largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder meeting on September 30, 2024, as part of Bithumb’s strategy to expand into the U.S. market. The … Read more

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