South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018

South Korean Court Orders Bithumb to Compensate Users for an 'Accidental' BTC Withdrawal Case in 2018A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet. Funds Ended Up in a Wallet With an Unknown Owner According to Fn News, six Bithumb customers […]

Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading

Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicious on Unfair TradingSouth Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked Stocks in South Korea According to Yonhap, Korea Exchange (KRX), through its KRX’s Market Oversights […]

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Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case

Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud CaseSouth Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between May and July, Bithumb is the largest exchange in the country. According to a local […]

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7 Korean Cryptocurrency Exchanges Pass Government Security Inspection

The South Korean government has released the results of its security inspection of cryptocurrency exchanges. Only seven of them passed all 85 of the inspection points. Fourteen previously-inspected exchanges still have not improved and 17 new crypto exchanges did not meet security standards. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations […]

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