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Report: Kiwoom Securities Eyes Bithumb Stake as Korea’s TradFi-Crypto Merger Picks up Speed

South Korea’s Kiwoom Securities is reportedly in early negotiations to buy a stake in Bithumb through a private placement of new shares, adding a major brokerage to the list of…

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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…

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

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…

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