Bithumb in turmoil, Binance’s 47K law requests, Axie players down 85%: Asia Express – Cointelegraph Magazine
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb, over embezzlement allegations. That same day, the Financial Investigation Second Division of the Seoul Southern District Prosecutor’s Office accused Jong-Hyun and two Bithumb executives of embezzlement, conducting fraudulent transactions and breach of trust. A leaked photo of Bithumb chairman Kang Jong-Hyun. Source: Korea Post English Authorities said that Kang played a key role in manipulating the stock prices
Bithumb exchange’s former chairman, Kang Jong-hyun has been arrested by Korean authorities for suspected embezzlement charges. On Jan. 25, the Seoul Southern District Court issued an arrest warrant for the 41-year-old Bithumb owner on multiple charges concerning fraudulent transactions, breach of trust, market manipulation, and dereliction of duty. According to…
Bithumb, one of the leading cryptocurrency exchanges in South Korea, announced that it will list two new assets, Humanity Protocol (H) and MANTRA (OM), at Korean won (KRW) trading parity. Bithumb Adds KRW Trading Pairs for Humanity Protocol (H) and MANTRA (OM) Trading for both assets will begin on Thursday,…
Bithumb redesigned its subsidiary to concentrate on investing. The company is planning an initial public offering in 2025. Bithumb, a South Korean cryptocurrency exchange, has officially changed the name of its subsidiary Bithumb Meta to Bithumb Partners. The firm is shifting its primary focus from NFT and metaverse-related projects to…