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Bithumb CEO Booked in South Korea Bribery Probe Over Lawmaker’s Son Hiring

South Korean police are investigating Bithumb CEO Lee Jae-won over bribery allegations linked to hiring people connected to independent lawmaker Kim Byung-ki. According to Yonhap News, the Seoul Metropolitan Police…

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

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…

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Bithumb Bitcoin Blunder: $1.3B Error Sparks Probe Into Weak Financial Oversight

South Korea’s financial authorities are facing criticism after failing to spot major flaws in Bithumb’s systems that led to an unprecedented Bitcoin error. Despite repeated inspections by the Financial Services…

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

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…

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

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…

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