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South Korean Exchanges Upbit, Bithumb Suspend SNX Deposits After Warning from DAXA

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Leading South Korean crypto exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) following a cautionary alert issued by the Digital Asset Exchange Alliance (DAXA). DAXA, a self-regulatory body responsible for setting industry standards across South Korean exchanges, designated SNX as an asset requiring investor caution. Such a classification typically triggers enhanced scrutiny, with […]

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Report: South Korea’s Bithumb to Spin Off Non-Core Units Ahead of IPO

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Bithumb is breaking itself in two as it races toward an IPO, carving out its exchange and investment units to streamline operations and court investors. Bithumb’s Corporate Split Sets Stage for IPO Local media reports that the South Korean cryptocurrency exchange Bithumb is restructuring its operations ahead of a planned initial public offering (IPO) in

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South Korea To Sanction Crypto Exchanges Operating Illegally

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korean financial authorities are considering sanctioning and blocking access to multiple overseas crypto exchanges, including BitMEX and KuCoin, for allegedly offering their services to Korean customers without registration. Overseas Crypto Exchanges Risk Sanctions On Friday, local news media outlet Hangyung reported

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Bithumb Offices Raided Amid Ex-CEO’s Million Scandal

Bithumb Offices Raided Amid Ex-CEO’s $2 Million Scandal

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto exchange Bithumb is under investigation as South Korean police have raided the company’s headquarters. This action is in response to claims of embezzlement directed against Kim Dae-sik, the former chief executive officer. The inquiry generally focuses on a particular financial transaction

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