Japan Gov’t Issued Warnings to Zaif Prior to $60m Crypto Hack, Official Investigation

Sep 24, 2018

According to local publications, the Japanese government and its main financial watchdog Financial Services Agency (FSA) has launched an official investigation into Zaif, a major local crypto exchange which experienced a $60 million hack earlier this month. The FSA reportedly issued ...

More Hackers Attack Korea’s Crypto Exchanges, How Gov’t is Stopping it

Sep 11, 2018

According to Jon Clay, prominent security expert and the director of global threat communications at Trend Micro, a rapidly growing number of hackers are targeting major crypto exchanges in South Korea. Throughout the past nine months, the cryptocurrency exchange market of South Korea h...

Small Cryptocurrency Exchanges Will Soon Die in Batches, Predict Analyst

Jun 23, 2018

As of June 22, there are more than 11,000 crypto exchanges trading 1,604 cryptocurrencies, with the total crypto market cap shrinking to less than $300 billion, according coinmarketcap.com. According to data, the top 10 crypto exchanges rake in as much $3 million in fees a day, or heading ...

South Korea Will Place More Responsibility on Cryptocurrency Exchanges as “Banks”

Jun 14, 2018

Throughout June, reports that the South Korean government plans to acknowledge, consider, and regulate cryptocurrency exchanges as banks have surfaced from trusted sources and mainstream media outlets. Cryptocurrency Exchanges as Banks The Korea Financial Intelligence Unit (KFIU) c...

South Korea’s Biggest Cryptocurrency Exchange to Expand Into Europe, New Market

May 17, 2018

Bithumb, South Korea’s biggest cryptocurrency exchange alongside UPbit, will launch a cryptocurrency trading platform in the UK to target Europe-based investors. Europe is Still a Market up for Grabs Some of the oldest and most widely utilized cryptocurrency exchanges are headquarter...

Despite 171x Increase in Profits, South Korea’s Biggest Exchange Replaces CEO

Apr 26, 2018

Bithumb, South Korea’s biggest cryptocurrency exchange, has replaced its CEO Jeon Su-yong within four months since his appointment in December 2017. The corporate decision was announced after Bithumb revealed it had recorded a 171-fold increase in profit in 2017 compared to the previous ...

South Korean Gov’t Investigating Bithumb Security Breach, World’s Largest Cryptocurrency Exchange

Oct 16, 2017

Local news publications and leading media outlets in South Korea have reported that Bithumb, the world’s largest cryptocurrency exchange by trading volume, suffered a security breach that affected 30,000 users on the trading platform. Seoul Central Prosecutor's Office for Advanced Crim...

South Korea’s Largest Bitcoin Exchange Compensates $3 Million to Users as Apology

Jul 7, 2017

Bithumb, South Korea’s leading digital currency exchange and the world’s fourth largest bitcoin exchange, is taking all of the appropriate steps to deal with the recent hacking attack. In late June, Bithumb fell victim to a major hacking attack, which led to the loss of customer funds sto...