bithumb

According to announcements from Upbit and Bithumb, both South Korean cryptocurrency exchanges have listed Initia (INIT) as a trading warning asset.The announcement stated that relevant wallets or distributed ledgers have been found to have security incidents such as hacking attacks, the reasons for which are yet to be determined or resolved, potentially leading to user asset losses. Currently, the deposit and withdrawal services for INIT have been suspended on both exchanges.

According to South Korean media Digital Asset, the Second Division of the Seoul Administrative Court held its first hearing on October 22 regarding the administrative lawsuit between Bithumb and the Financial Intelligence Unit of Korea (FIU). The FIU determined that between August 28, 2022, and April 3, 2025, Bithumb conducted 45,772 transactions with 18 unreported cryptocurrency operators, and based on this, imposed sanctions, including a partial suspension that restricts new customers from transferring cryptocurrency assets externally for six months.Bithumb stated in court that transactions of 1 million won or more are subject to the "travel rule," and unreported operators have been excluded from the list of optional exchanges, thus the number of violations for this amount range is zero. Transactions below 1 million won were not subject to the travel rule at that time, and the platform had no legal basis to require customers to provide information about the receiving exchange, nor did the regulatory authorities specify a blocking method. Bithumb also mentioned that after integrating the Chainalysis API, only about 2% of the addresses that could not be confirmed were later identified as unreported operators designated by the FIU. If all were blocked, the remaining 98% of normal transactions would be affected, and the platform could also face user claims.Bithumb also believes that the six-month sanction is excessive, effectively equivalent to prohibiting the platform from acquiring new customers. The company also questioned the FIU's criteria for identifying overseas operators and the reasonableness of the basis for the sanctions.

According to the official announcement, Bithumb will launch the AT/KRW trading pair.

According to a report by the Korean News Agency, the South Korean Ministry of Finance and Economy has convened a seminar on virtual asset taxation with five exchange operators: Dunamu, Bithumb, DigitalX, Coinone, and Streami, as well as institutions like the Financial Services Commission, to discuss current taxation regulations, market environment, tax preparation work, and the possibility of delaying or abolishing the tax, but no clear decisions have been made regarding related measures.South Korea's virtual asset taxation policy was established in 2020, originally scheduled for implementation in 2022, but has since been postponed to 2023, 2025, and 2027. The National Tax Service of South Korea is currently preparing relevant details, but matters such as staking still need to be negotiated with the Ministry of Finance and Economy; if the details are announced next month, there will be only about two months left until the planned implementation date.

According to official news, the DeAgentAI token $AIA has been launched on the South Korean exchange Bithumb's Korean Won market, opening the AIA/KRW trading pair. Its principal-protected staking financial plan has also officially opened. Users can participate with USDC, and upon maturity, the platform will return the equivalent amount of USDC in full according to the product terms, while additionally earning rewards of up to 50% of the actual staked AIA amount.The plan features three staking pools: Ultra, Boost, and Fast, with total AIA rewards over a 12-month period being 50%, 40%, and 35% of the actual amount bought and staked, respectively. The first rewards from the three pools will be distributed uniformly after the fundraising period ends in the 3rd, 2nd, and 1st months, respectively, and will then be automatically distributed monthly. The amount of USDC returned at maturity does not fluctuate with the AIA coin price, and the originally bought and staked AIA will not be returned.The initial open quota is 500,000 USDC, with a minimum participation amount of 350 USDC per transaction, and it will close once full. Users can buy AIA using USDC on the BNB Chain through the official page and complete the staking in the same transaction. For participation methods and complete rules, please refer to the official staking page.

According to official news, DeAgentAI's $AIA will be launched on the Bithumb Korean Won market, with the new AIA/KRW trading pair expected to open for trading on October 8 at 14:00 (Korean time, 13:00 Beijing time). At the same time, DeAgentAI is launching the $AIA principal protection staking plan, which allows participation with USDC, and upon maturity, the equivalent amount of USDC will be fully returned according to the rules, with additional rewards of up to 50% of the actual staked amount in AIA.The staking plan offers three pools: Ultra, Boost, and Fast, with total AIA rewards over a 12-month period being 50%, 40%, and 35% of the actual staked amount, respectively. The first rewards will be distributed uniformly after the end of the current fundraising period in the 3rd, 2nd, and 1st months, and thereafter will be automatically distributed monthly, allowing participants to choose between higher rewards and earlier receipt.The current open limit for staking is 500,000 USDC, with a minimum single transaction of 350 USDC, available in limited quantities until full. Participation requires going through the official page, using USDC on the BNB Chain to buy and stake AIA, and the originally purchased and staked AIA will not be returned upon maturity.

According to the official announcement, the South Korean cryptocurrency exchange Bithumb has announced that it will add support for Bedrock (BR) and Dolphin (POD) Korean won trading markets.Specifically, Bedrock (BR) will open for trading on October 6 at 19:00, supported by the BNB Smart Chain. Deposits and withdrawals are expected to open within 2 hours after the announcement, with a benchmark price of 590 Korean won and a required number of deposit confirmations of 15.Dolphin (POD) will open for trading on October 6 at 20:00, supported by Base. Deposits and withdrawals are expected to open within 2 hours after the announcement, with a benchmark price of 1086 Korean won and a required number of deposit confirmations of 200.Bithumb reminds users that only designated network deposits are supported, and transfers from other networks will not be supported.

According to Gate market data, due to network revenue being unable to cover maintenance costs, the Layer 2 network Blast announced it will cease operations. Following this announcement, South Korea's two major cryptocurrency exchanges, Upbit and Bithumb, have placed BLAST on their trading watchlists. BLAST has cumulatively dropped over 40%, currently priced at $0.0002433, with a market capitalization of approximately $24 million.

According to the official announcement, Bithumb will launch the US Korean Won trading pair, with trading expected to open at 15:00 local time.

According to the official announcement, the South Korean cryptocurrency exchange Bithumb will launch the PYUSD token on the Korean won market, with trading expected to open at 15:00 local time.

According to Chainwire, the crypto travel booking platform Travala and AVA Foundation announced a matching buyback arrangement. Travala will fund the buyback independently and in addition to the existing rewards supplementary buyback from AVA Foundation, increasing the monthly open market buyback amount from 1 times the member rewards to 2 times. The matched AVA purchased will be transferred to a new Travala AVA strategic reserve wallet, which is multi-sig custodial, and Travala commits that the AVA in it will never be sold or transferred out.Under the existing mechanism, AVA Foundation repurchases an amount of AVA each month equivalent to the amount of AVA distributed to AVA Smart members in the previous month and transfers it back to the ecological incentive wallet, with a historical total of 4,824,722 AVA repurchased. The first matched buyback has been completed: the Foundation repurchased 369,881.04 AVA in September, corresponding to the member rewards in August; Travala independently matched and purchased another 369,881.04 AVA, totaling 739,762.08 AVA. The Travala portion has been transferred to address 0x7bed1889c21d9eb3560463c14cd74fe29f2d03b6, and both buybacks can be verified on-chain separately.The AVA transferred to this wallet is permanently locked, with the monthly portion removed from the circulating supply and excluded from the official circulating supply through the AVA circulating supply interface. Travala will submit the reserve wallet address to CoinMarketCap and CoinGecko, and both parties will publicly report the numbers of the two buybacks each month.

According to New1, Bithumb Holdings recently held a board meeting, and the actual controller Lee Jung-hoon's confidant Kim Gi-bum was appointed as the new CEO, while the former CEO Lee Jae-won stepped down to focus on the operation of the Bithumb trading platform itself.Kim Gi-bum was previously the head of external relations at Bithumb, responsible for overseeing external communications and compliance management.

According to official news, South Korea's second-largest cryptocurrency exchange Bithumb will launch Cluster Protocol (CP).

South Korean cryptocurrency exchange Bithumb announced the launch of its artificial intelligence service "Bithumb AI," which analyzes market trends through artificial intelligence and provides users with personalized information. The service includes four features: AI coin signals, AI coin analysis, AI market trends, and AI recommendations. Currently, its artificial intelligence service covers the top 200 cryptocurrencies by market capitalization in the Korean won market.

The total trading volume of the five major South Korean crypto CEXs (Upbit, Bithumb, Coinone, DigitalX, GOPAX) reached approximately 31.1 trillion won (about 23 billion USD) during the week from August 21 to 28, a staggering increase of 188.04% compared to the previous week's 10.8 trillion won, marking the highest level in nearly 10 months since late October 2025.In terms of exchange market share, Upbit maintained the first position with 59.61%, while Bithumb ranked second with 33.11%; the renamed DigitalX (formerly Korbit) saw a significant increase in market share from 3.477% to 4.21%, surpassing Coinone (3.05%) to rise to third place, achieving the highest market share for the platform in nearly 20 weeks.

According to Digital Asset, South Korean cryptocurrency exchange Bithumb won the first instance of a lawsuit regarding the "misissued Bitcoin" incident, with the court ruling that users who sold the misissued Bitcoin must return approximately 194 million won (about 145,000 USD).In February of this year, Bithumb faced a huge controversy after erroneously distributing 620,000 Bitcoins (worth about 5 billion USD at the time) as activity rewards. Subsequently, Bithumb initiated a recovery program and reported in March that 99% of the misissued Bitcoins had been recovered. This ruling is the first in four lawsuits filed against users who have not returned the funds, and the likelihood of Bithumb winning the subsequent three lawsuits has also increased. The basis for the court's ruling and whether the defendants will appeal have not yet been disclosed.

The Financial Supervisory Service of Korea submitted data to the National Assembly's Political Affairs Committee today, revealing that as of the end of July, the five major virtual asset exchanges in Korea have registered a total of 6,590 corporate accounts. Bithumb has the highest number of registered corporate accounts, reaching 3,280; the accounts under Upbit operator Dunamu total 2,086. The two major exchanges account for a total of 5,366 corporate accounts, making up 81.4% of the total. In addition, Korbit has 620, Coinone has 539, and Gopax has 65.

According to a report by the Korean News Agency, the Financial Supervisory Service of Korea submitted data to the National Assembly's Political Affairs Committee, revealing that as of the end of July, the five major virtual asset exchanges in Korea (Upbit, Bithumb, Coinone, Digital Asset Exchange, Gopax) have registered a total of 6,590 corporate accounts.In terms of the distribution of exchanges, Bithumb has the highest number of registered corporate accounts, reaching 3,280; the operator of Upbit, Dunamu, has 2,086 accounts. The two major exchanges account for a total of 5,366 corporate accounts, which is 81.4% of the total. Additionally, Korbit has 620, Coinone has 539, and Gopax has 65.In terms of compliance, there are a total of 711 corporate accounts that have completed customer identity verification (KYC), accounting for 10.8% of all corporate accounts. Among them, Upbit has the most with 290; Bithumb has 199, Korbit has 184, and Coinone and Gopax have 33 and 5, respectively. In terms of the scale of virtual asset holdings, Korean corporate accounts hold approximately 43.377 billion Korean won (about 31.2 million USD), with Upbit having the highest share, holding approximately 27.08 billion Korean won, accounting for 62.4% of the total; Bithumb holds about 6.29 billion Korean won, and Coinone holds about 5.15 billion Korean won. The deposit scale of corporate accounts is approximately 9.13 billion Korean won.

The Korean exchange Bithumb announced that it will add NEXO (NEXO) trading support in the Korean won (KRW) market, supporting only the Ethereum network, while other network deposits will not be supported. Deposits and withdrawals are expected to open within 2 hours after the announcement, with trading set to begin on August 21, 2026, at 13:00.To ensure a secure trading environment, temporary restrictions will be implemented during the initial launch: buying orders will be prohibited within 5 minutes after trading starts; within 5 minutes after the opening, selling order prices must not be lower than 10% of the benchmark price or higher than 100% of the benchmark price; only limit orders will be allowed for approximately 2 hours after the opening.