One of the employees of largest South Korea's cryptoexchange Bithumb is suspected of divulging the exchange's plans to integrate the Zcash (ZEC) and Qtum crypto currency. This is reported by Crypto Korean.
— Crypto Korean 한국 (@CryptoKorean) 28 сентября 2017 г.
Screenshots of mailing is added to a Twitter post. Originally, they've appeared on a crypto releated Korean forum.
As you can see on the screenshot above, price spike came emidiatly after the screenshots leak. According to the Whale Panda, suspicions regarding the disclosure of insider information are completely reasonable. On the chart attached to his tweet, it is shown that the price surge occurred just at the moment of the screenshot appearance on the popular Korean forum. Then another price jump is visible - already at the time of the immediate addition of Zcash to the listing of the Bithumb exchange.
— WhalePanda (@WhalePanda) 28 сентября 2017 г.
Bithumb is the leader in the daily trading volume in South Korea and one of the largest crypto-exchange trading platforms in the world.
The high liquidity of the exchange suggests that almost any cryptocurrency falling into the listing of Bithumb, as a rule, receives a sharp price jump. According to analysts, such incidents can adversely affect the reputation of Bithumb, especially in light of the significant tightening of the regulation of the crypto industry in South Korea.