South Korea Regulator Fines Bithumb for $55k

According to the investigation, hackers twice abducted personal data of Bithumb users
13 December 2017   880

The Communications Commission of South Korea (KCC) fined Bithumb's largest trading platform for 60 million won ($ 55,000) "for allegedly leaking the private data of its users”. This is reported by the Yonhap.

According to the commission, hackers twice abducted personal data of Bithumb users: in April, data leakage of 31,506 users occurred, and in July - 3,434 users of the exchange. 

We took into consideration the fact that the vulnerability occurred due to failure to comply with the safeguards clause and was directly or indirectly exploited by the hacker. Personal information was leaked and monetary damage occurred. The punitive action was taken as the operator did not comply with protective steps, making it vulnerable to hacks and causing leaks of personal data and financial damage.
 

KCC Representative 

It is also worth noting that there is no additional information on this situation at official Bithumb website or Twitter. 

Bithumb Operator to Gain $200M

Will these giant investments help exchange to end 2019 with profit? Time will show
15 April 2019   270

The parent company of the South Korean exchange cryptocurrency Bithumb received $ 200 million of funding from the Japanese blockchain fund called ST, Cointelegraph reported.

Funding was provided as part of the investment round of the A series and will allow the Blockchain Exchange Alliance (BXA) to continue the international expansion of the Bithumb business. The company also promises to implement the support of new trading pairs.

The fund shared our vision of creating a global digital exchange platform that can efficiently transfer value across borders with lower costs, which was the key rationale behind this investment decision.
 

BXA

At the end of March, Bithumb suffered another hacker attack and lost about $ 13 million in cryptocurrency. Recently, the company reported on its performance for 2018 - its losses amounted to about $ 180 million.

ST Fund is registered in Japan and manages the capital of investors from around the world, including Europe and the USA.