Bithumb Seeks Legal Action To Recover Unreturned Bitcoin From $40B Payout Error
Crypto exchange Bithumb is pursuing legal action to freeze nearly $500,000 in Bitcoin (BTC) unrecovered from the $40 billion payout error in February, signaling that the platform will turn to the courts to reclaim the assets. Related Reading: Not A Threat: Stablecoin Yield Won’t Harm Banks, White House Economists Say Bithumb Launches Legal Action On […]
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The European Central Bank (ECB) has reportedly endorsed the European Union’s (EU) plan to shift oversight of key financial markets, including crypto, from national authorities to a centralized supervisory authority. Related Reading: Bithumb Seeks Legal Action To Recover Unreturned Bitcoin From $40B Payout Error ECB Greenlights Crypto Oversight Centralization On Friday, the European Central Bank […]
The South Korea-based cryptocurrency exchange, Bithumb, is facing significant legal and operational challenges following a major system error in February. This resulted in more than $43 billion worth of Bitcoin (BTC) being distributed to users, prompting scrutiny from regulatory bodies. The Financial Intelligence Unit (FIU) has preliminarily notified Bithumb of a six-month partial suspension of […]
As Russia moves to regulate the crypto sector later this year, the European Union (EU) is considering implementing strict sanctions on all digital asset transactions linked to the country to curb sanctions evasion. Related Reading: South Korea To Probe Crypto Exchanges, Tighten Regulations After Bithumb $40B Bitcoin Error EU Seeks Sanctions On Russian Crypto Transactions […]
Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September. Bithumb Global and Bithumb Singapore to Change Their Brand Names as Bithumb Ends Trademark Agreements Two cryptocurrency exchanges, Bithumb Global and Bithumb Singapore, will not be able to use the Bithumb brand name and trademark starting from the last day of this....
South Korea’s cryptocurrency market just marked one of the most high-profile partnerships of 2025 with a Trump backed project. Bithumb, the country’s second-largest crypto exchange, has signed a strategic memorandum of understanding (MOU) with World Liberty Financial (WLFI), the crypto venture backed by the Trump family. The deal seeks to boost stablecoin adoption, create new […]