Jan 25, 2020
✅Bitpay to Allow Users to Purchase Crypto via its Platform✅
Read Out More 👉 https://www.cryptoknowmics.com/news/bitpay-to-allow-users-to-purchase-crypto-via-its-platform
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seen from United States
✅Bitpay to Allow Users to Purchase Crypto via its Platform✅
Read Out More 👉 https://www.cryptoknowmics.com/news/bitpay-to-allow-users-to-purchase-crypto-via-its-platform
Prices on Bithumb for several digital assets continue to be outlandishly high a month after the hack that wiped out around $30 million’s worth of
Some of the most notable examples include Augur (REP), which usually trades in the $30 range, but on Bithumb has climbed to around $200. Stratis (STRAT) has gone as high as $9.59, while on other exchanges its price hovers at $2.89. Ethos (ETHOS), which trades around $1.02, is $6.02 on Bithumb. The premium also affects DASH, but not more actively traded coins like Bitcoin (BTC), or TRON (TRX).
Bithumb, one of the largest exchanges in Asia, just broke the news that it has been hacked, with the hackers reportedly stealing over $30 million worth of cryptocurrencies. Bithumb Wallet Change Backfires At 12:49 UTC on June 19th, Bithumb announced that they would be temporarily suspending deposits due to a change in wallets with their exchange service. Although a change in the wallet system may be a security improvement for some exchanges, it ended up backfiring, resulting in an unexpected cryptocurrency hack. Just 12 minutes after they suspended their deposit system, they announced that they were going to suspend alldeposit and withdrawal services due to an over $30 million hack from wallets. Bithumb said: [Notice for the suspension of all deposit and withdrawal service] We checked that some of cryptocurrencies valued about $30,000,000 was stolen. Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet. — Bithumb (@BithumbOfficial) June 20, 2018 It is great to see that Bithumb had their hands on the trigger in case anything went wrong, quickly moving all assets to cold storage to mitigate any further risk. #blockchain #technology #coin #coinmarketcap #news #post #follow #bithumb #hacker #cryptocurrency #crypto #cryptonews94 #bitcoin #btc #altcoin
South Korea Sees Kiwoom Pursue Bithumb Stake Ahead of Planned 2028 IPO Push
Kiwoom negotiates strategic Bithumb stake ahead of planned 2028 public listing. Institutional investors expand cryptocurrency exchange holdings across South Korea’s financial sector. Proposed crypto regulations could reshape exchange ownership before Bithumb’s public market debut. Kiwoom Securities is pursuing a potential stake in Bithumb as South Korea’s crypto exchange sector continues…
South Korea Fines Bithumb Over Unauthorized Overseas User Data Transfers Fallout
South Korea fined Bithumb over unauthorized overseas user data transfers without consent. Regulators found customer information reached BingX despite consent naming Stellar exchange. New blockchain privacy guidelines discourage storing identifiable personal information onchain permanently. South Korean authorities have fined cryptocurrency exchange Bithumb 210 million Korean won, or about…
🇰🇷 Bithumb Fined $136,000 Over User Data Transfers to Bingх
South Korea’s Personal Information Protection Commission (PIPC) has fined crypto exchange Bithumb 210 million won (approximately $136,000) for violating personal data protection rules.
According to the regulator:
• Between September and November 2025, Bithumb transferred user trading data to BingX. • Users had consented to transfers involving Stellar Exchange, but the information was instead sent to BingX’s infrastructure. • The exchange also shared names, wallet addresses, and dates of birth with 13 foreign exchanges during AML-related transfers without completing all required legal procedures.
Bithumb stated the transfers were necessary for anti-money laundering compliance, but the PIPC emphasized that AML obligations do not replace the legal requirement to obtain proper user consent.
📌 Alongside the enforcement action, South Korea introduced its first blockchain-specific personal data protection guidelines, requiring companies to:
• Minimize personally identifiable information stored on blockchains. • Reduce traceability of on-chain personal data. • Establish procedures compatible with blockchain’s immutable architecture.
The regulator said it will continue strict enforcement of overseas data transfer rules for blockchain businesses.
Bithumb CEO Under Police Investigation in Lawmaker Hiring Scandal
South Korean police booked Bithumb CEO amid bribery investigation allegations. Investigators reviewed hires involving lawmaker’s son and political aide. Authorities conducted searches while examining links between hiring and legislation. Bithumb CEO Lee Jae-won is under police investigation in South Korea over allegations that hiring decisions at the crypto exchange were tied to requests from a…
Bithumb Expands Into Vietnam Through Major Crypto Exchange Partnership
Bithumb targets Vietnam as crypto adoption rapidly accelerates across Southeast Asian markets Vietnam’s expanding blockchain economy attracts increasing attention from major crypto exchanges Bithumb partnership signals intensifying competition within Asia’s fast-growing cryptocurrency industry South Korean crypto exchange Bithumb intensified its regional expansion efforts after confirming a…