Total crypto market cap rises above $1T, and data suggests more upside is in store
Bad news continues to dominate crypto media headlines but Bitcoin and the wider market appear to not care. Go to Source Powered by WPeMatico
Bithumb
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South Korean prosecutors request arrest warrant for Bithumb owner: Report
One of the country’s largest crypto exchanges has fallen under investigators’ scrutiny over allegations of embezzlement by company executives. Go to Source Powered by WPeMatico
Bithumb ordered to pay outage damages to investors by South Korean court
A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange. Go to Source Powered by WPeMatico
Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage
South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb Ordered to Pay Customers Over Service Outage The South Korean supreme court has issued a … Read more
Executive Linked to Crypto Exchange Bithumb Found Dead Outside His Home: Report
An executive of the largest shareholder of cryptocurrency exchange Bithumb was found dead outside his home. He allegedly committed suicide by jumping off a building while under investigation by Korean prosecutors for embezzlement and stock market manipulation. Executive Found Dead Amid Investigation of Embezzlement and Stock Price Manipulation An executive linked to South Korea’s largest … Read more
Bithumb former chair Lee Jung-Hoon acquitted in the first instance
The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb. Go to Source Powered by WPeMatico
South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%
The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade is false and has confused investors. Discrepancy Between WEMIX Circulating Supply … Read more
WEMIX token plunges 70% after it’s delisted by Korean exchanges
DAXA claimed that the circulating number of WEMIX exceeds what has been disclosed by Wemix, much to the chagrin of the issuers. Go to Source Powered by WPeMatico
Bithumb ex-chairman could face 8 years prison over alleged $70M fraud
The sentencing hearing is set for Dec. 20 and could see the former chairman of South Korean crypto exchange Bithumb behind bars for a maximum of eight years if found guilty. Go to Source Powered by WPeMatico
Singapore court rules in favor of Bithumb founder in acquisition case
The decision on the civil lawsuit might affect a trial court in South Korea. Go to Source Powered by WPeMatico