It looks like the troubles for crypto exchange Bithumb aren’t ending anytime soon! On Monday, August 2, the South Korean police reopened an investigation into the Bithumb fraud case involving the former chairman of the exchange. The news comes just within a month’s period after top executives of Bithumb were indicted by Hong Kong regulators
The Hong Kong subsidiaries of South Korea’s largest exchange Bithumb are facing a lawsuit for breach of contract and top executives including the owner of the exchange have been indicted for committing fraud. The top executives face criminal charges for fraud worth 100 billion won. The lawsuit will be filed by the exchange’s former Thai
Bithumb, one of the largest exchanges in South Korea is reportedly going to list the native token of rival exchange Binance called Binance Coin (BNB) in a rare occurrence since exchanges often don’t list rival firm’s native token. The news was reported by Techflow and the official clipping shows BNB will be paired against BTC.
Bithumb, one of the leading Cryptocurrency Exchanges in South Korea has experienced another hack. Bithumb reported on Saturday 30th March 2019 that while the user’s funds were safe from an outside infiltration, an ‘internal embezzlement incident’ has been suspected. Funds have reportedly been stolen from the company’s ‘hot wallet.’ On 29th March, the transaction monitoring system of the
Kyber Network, a decentralized ethereum-based solution is killing it with the Bithumb listing. Prior to getting integrated with one of the biggest cryptocurrency exchanges, KNC token registered a surge of 70 percent at its peak and crossed $3 USD mark. Currently, at $2.86, Kyber Network recently joined MyEtherWallet to launch a decentralized exchange that allows