Founded: 2014 (as “Xcoin”) by Kim Dae-sik, It quickly became Korea’s dominant crypto platform (by 2017 handling ~70% of domestic trading and even leading global volume) In 2018 a BK Global investment group (fronted by plastic surgeon Kim Byung-gun) bought a controlling stake. Today Bithumb (CEO Lee Jae-won) remains one of South Korea’s largest KRW-based exchanges.
Major incidents: Bithumb has weathered several crises. In June 2018 hackers stole about $31 million in crypto, and in March 2019 roughly $19 million of EOS/XRP was taken (an insider heist was suspected) In April 2024 an internal breach cost roughly $20 million.
Authorities also stepped in: a 2018 tax raid hit Bithumb, and in 2023–24 top executives faced legal charges (Ex-CEO Lee Sang-jun got 2 years for taking listing bribes, and Kang Jong-hyun – a “de facto” owner – was arrested for stock manipulation)
Feb 2026 pricing glitch:
During a Feb 6, 2026 promo event, a software error credited 2,000 BTC (instead of ₩2,000) to about 695 users, Recipients immediately sold their windfall, causing Bithumb’s BTC price to flash-crash (~17% drop to ~₩81M, about $55K) on that platform Bithumb froze trades (~35 min), halted withdrawals, and recovered ~99.7% of the mistaken BTC, The exchange publicly apologized and stressed the mishap was an internal accounting error (no external hack occurred) – reassuring that no actual customer funds were lost.
Sources: Authoritative news and the exchange’s official statement en.wikipedia.org, thenextweb.com, feed.bithumb.com, hackread.com, financemagnates.com! These detail Bithumb’s founding, growth, past hacks/regulatory cases, and the Feb 2026 glitch, Each fact is from a cited report!!
#BTC走势分析 #Bithumb