Bithumb

Bithumb triggered a major market shock after an employee mistakenly sent billions of dollars worth of bitcoin to users instead of small cash rewards.

Bithumb reportedly made a mistake that led to the accidental deposit of large amounts of Bitcoin to various users.

South Korean cryptocurrency exchange Bithumb has launched an upgraded version of its website and new options for cryptocurrency investment.

Shinhan Bank plans to take special measures in response to claims that it has been aiding criminals committing fraud involving cryptocurrency exchanges.

Following regulatory pressure, several South Korean cryptocurrency exchanges will now accept sole responsibility for security breaches.

CryptoCompare has launched an exchange benchmark product to safeguard against false cryptocurrency exchange data reports.

Cryptocurrency exchanges offering bitcoin have a long and turbulent history of compromises, hacks and outright scams. This infographic has been designed to visualize this legacy in a way that shows each hack's impact at the time relative to the others.

In an analysis of cryptocurrency exchange performance in April, CryptoCompare found that fiat-to-crypto exchanges performed better than crypto-to-crypto platforms did as cryptocurrency prices rose across the board.

Last month, the South Korean exchange Bithumb lost about $13 million worth of cryptocurrency to hackers. Now, South Korea’s National Police Agency has seized an external server believed to be associated with the attack.

The company had reportedly lost $26 million as a result of theft and the subsequent bankruptcy declaration. Coinbin’s CEO Park Chan-kyu claims that the move was “due to a rise in debt following an employee’s embezzlement.”