Bithumb owner arrested in South Korea over alleged embezzlement
The net is closing in on Bithumb executives as the suspected real owner of the exchange is arrested.
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Bithumb in turmoil, Binance’s 47K law requests, Axie players down 85%: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner...
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.
Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.
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.
South Korean regulators target Bithumb in new probe
South Korean National Tax Service agency launches an investigation on Bithumb, according to local reports.
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.
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.
Bithumb to block crypto withdrawals to unverified private wallets
Bithumb users in South Korea have just two days to perform another round of KYC in order to whitelist their personal wallets, or crypto withdrawals will be blocked.
Bithumb Hong Kong subsidiaries reportedly face civil suit from Thai partner
A Thai firm claims that Bithumb’s Hong Kong subsidiaries caused it serious damage by unilaterally halting its business in Thailand.