bithumb

🚨 JUST IN: SOUTH KOREA JUST MOVED TO CAP WHO CAN OWN A CRYPTO EXCHANGE. 👀
And the biggest exchange in the country would have to sell most of itself...

South Korea is about to unveil its Digital Asset Basic Act — a 135-article law covering exchanges, stablecoins and licensing.
The headline rule: no single shareholder can own more than 15-20% of a crypto exchange.
Bithumb's biggest holder owns 73.56%. Upbit's founder owns 25.52%. Both would have to sell down — or lose voting rights.
Exchanges move from simple registration to full licensing. Stablecoins would be issued by bank-led groups only.
And if an exchange gets hacked, it pays — no-fault liability for losses from hacks or system failures.
The crypto income tax is also delayed two years.
This is the biggest exchange shake-up in Asia since Japan's licensing rules.
$BTC should every country cap who owns an exchange, or does this kill the founders who built them? #SouthKoreaDraftLawTargets15To20%ShareholderCap #SouthKorea #CryptoRegulation #Upbit #Bithumb

Korea’s two largest exchanges list HYPE on the same day: deposits to Upbit and Bithumb only support HyperEVM—don’t proceed if you’ve selected the wrong network

Korea’s two largest exchanges opened KRW markets for HYPE at the same time today. Upbit opened HYPE trading pairs against KRW, BTC, and USDT at 2 p.m. (Hong Kong time); Bithumb’s KRW market is expected to open at 3 p.m., with CARDS scheduled for 5 p.m.

Who this affects: anyone planning to transfer HYPE from another platform to either exchange. Both exchanges’ official announcements state that HYPE deposits and withdrawals only support the HyperEVM network; deposits sent via other networks won’t be credited. Bithumb also says deposits require 10 confirmations and only accepts transfers from exchanges on its list. Refunds for transfers from unlisted sources may take a long time.

Check the opening rules, too: Bithumb’s announcement says buy orders will be restricted for the first five minutes after trading opens, and only limit orders will be accepted for about two hours. HYPE’s reference price is set at 100,700 KRW.

One thing to keep in mind: a new listing expands both the pool of buyers and the pool of sellers—it doesn’t mean the price will necessarily rise. Trading on Korean exchanges also won’t generate revenue for Hyperliquid’s buybacks. What to watch next is the price gap between the two exchanges after trading opens, and whether deposits and withdrawals are running smoothly.

If you’re planning to transfer HYPE to a Korean exchange, would you test with a small amount first before transferring the rest?

This is not investment advice.
Sources: Upbit official announcement and official X (2026-11-10); Bithumb official announcement (2026-11-10 14:13 KST); as reported by Wu Shuo, BlockBeats, and BeInCrypto · 2026-11-10 around 14:25 HKT
#HYPE #Upbit #Bithumb #夯B媒体 $HYPE $CARDS

South Korea’s two major exchanges, Upbit and Bithumb, have both opened HYPE/KRW trading pairs. This means more than just an additional exchange listing: it lowers the barrier for local Korean users to participate in the Hyperliquid ecosystem. A KRW trading channel typically means more direct fiat deposits, deeper local liquidity, and greater market attention, which could amplify short-term volatility. However, whether the momentum can last will depend on trading volume, changes in open interest, and ecosystem data. For ordinary users, it’s unwise to chase a price surge based solely on the news; assess the exchange listing separately from the project’s fundamentals.#Hyperliquid #Upbit #Bithumb

Two major Korean exchanges flag WAVES for trading caution: don’t deposit for now; it hasn’t been delisted

Starting tonight at 8:00 (Korea time, or 7:00 p.m. Hong Kong time), don’t deposit WAVES to Upbit. At the same time, Upbit and Bithumb both flagged WAVES for trading caution, citing security incidents involving related wallets or distributed ledgers that have unclear causes or remain unresolved, and could result in user losses. This does not mean either exchange was hacked, nor that trading has stopped or delisting is confirmed.

Who’s affected: anyone still holding WAVES on either exchange, or planning to transfer it there. Upbit’s announcement states that deposits will be suspended from that time onward. Coins sent in afterward may not be credited and may not be recoverable. This applies to WAVES/KRW and WAVES/BTC. Bithumb says that both deposits and withdrawals are currently suspended. Trading is still available on both exchanges, but don’t assume you can freely move funds in or out.

For context, Waves says that on November 9, a third party produced a block with unusually high fees, and some addresses were credited with WAVES that did not exist. The network has been rolled back to block 5481020; transactions made between approximately 7:55 a.m. and 6:16 p.m. Hong Kong time that day may be affected. This is the project team’s own account and should not be described outright as a confirmed theft of coins.

Next, keep an eye on December 7–11: both exchanges will announce during that period whether they will extend the warning, lift it, or end trading support. The timing may also change.

If you still have WAVES on Upbit or Bithumb, will you first check whether you can withdraw it?

This is not investment advice.
Sources: Upbit official announcement (2026-11-10 20:00 KST); Bithumb official announcement (2026-11-10 20:00 KST); Waves official X and GitHub v1.6.5 notes; Wu Says, Odaily, and TokenPost reports · 2026-11-10 approximately 20:25 HKT
#WAVES #Upbit #Bithumb #夯B媒体 $WAVES

The KRW market for $CARDS (Collector Crypt) on the Korean exchange Bithumb opened today at 18:00 Korea time, as announced. Real trades are already visible on the official market data API. Deposits and withdrawals are supported only on Solana. For about two hours after opening, only limit orders can be placed, so make sure you use the correct network when depositing.
#CARDS #Bithumb

#southkoreadraftlawtargets15to20%shareholdercap
South Korea’s exchange ownership cap is back, and may now hit votes, not shares. 🇰🇷
Per Nov 8 reports, the FSC aims to submit the Digital Asset Basic Act this month:
Major shareholder cap: 15–20% 1–2 year transition for existing exchanges Possibly limiting voting rights only (property-rights concerns) Licensing replaces notification; bank-led won stablecoins
Who feels it most?
Dunamu (Upbit): chairman holds ~25.5%
Bithumb Holdings: ~73.6% of Bithumb
Upbit and Bithumb handle ~90% of local volume.
Still unsettled: March reports pointed to 20% with exceptions up to 34% and a three-year grace period. The bill must still pass the National Assembly.
Takeaway: no overnight change. A voting-rights limit means far less forced selling than a stake cap, so watch the final text. Won stablecoin rules matter for $USDT; exchange stability matters for BTC and ETH trading in Korea.
Better governance or a push offshore? 👇
#CryptoRegulation #Upbit #Bithumb
$BTC $ETH $USDT

BITHUMB will list Magma Finance (MAGMA) against the Korean won. The exact time has not been announced.

According to information from the official announcement cited by Odaily Planet Daily, only the listing asset and the Korean won pair were specified; the time when trading will open was also not detailed.

· What can be confirmed is the trading pair arrangement; depth, fees, and the listing schedule were not mentioned.
· According to the announcement, the Korean won pair is the only confirmed market.

When Bithumb lists a new coin, do you check the Korean won pair first or wait for a Bitcoin pair to appear?

#Bithumb

🚨 $BTC BITHUMB BREACH EXPOSES 6,444 USERS – WHAT’S THE IMPACT? 🔴

📊 A one‑hour intrusion into Bithumb’s corporate groupware leaked personal data for thousands of customers and hundreds of staff. While the breach hit the admin layer, the core trading engine and asset vaults stayed insulated, so funds remain untouched. ⚡ Smart money is already scanning the fallout for liquidity sweeps, as traders weigh whether the news could trigger a short‑term sell‑off or simply fade as a data‑only event. 💡 The market’s reaction will hinge on how quickly the exchange reins in the narrative and compensates affected users.

💬 How do you think this security scare will shape $BTC ’s short‑term sentiment? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BTC #Bithumb #Security #Crypto #MarketImpact

🔥 💎

🚨 New raid on Bithumb’s headquarters in South Korea

Seoul prosecutors raided the Bithumb exchange’s headquarters on October 29 as part of an investigation into the misuse of company funds allocated for luxury residences for executives. The case first came to light in March 2025, when properties worth 11.6 billion won belonging to four current and former executives were uncovered.
🔐 A reminder of the importance of governance and transparency when choosing your platform.
#Bithumb #crypto #Regulation

11.6 billion won for housing for four executives and 36.8 billion won in regulatory fines. Bithumb has some interesting expense items)

On October 29, prosecutors raided the exchange’s office in Gangnam for the second time. It’s an old case: they first showed up on March 20, 2025, over a 3 billion won deposit for an apartment for the former CEO.

In short, here’s what’s known:
- A raid isn’t an indictment, and no names or charges have been disclosed
- The case has been open for 19 months
- The prosecution was disbanded on October 2; old cases can be pursued for up to 90 days, and the raid happened right in that window
- The fine was issued in March 2026 for approximately 6.65 million violations, so this isn’t the first regulatory claim in a year

When both the regulator and prosecutors are going after an exchange, that’s a red flag for me even without a verdict. Who knows, maybe it’ll all work out — I’m watching to see how the 90-day window ends. Subscribe so you don’t miss it.

#Bithumb #SouthKorea

South Korea’s Bithumb has been hacked.

What’s been disclosed so far is that employee information was leaked, involving Bithumb itself, its subsidiaries, and its partners. The information was taken through unauthorized external access. Investigators are still checking whether customer data was also taken, and the scale of the leak hasn’t been announced. Officials say they haven’t found any leaked data—such as wallet addresses—that could be used directly to steal crypto.

South Korea’s Financial Services Commission held an emergency meeting on the 28th. The Financial Supervisory Service, the Financial Security Institute, and DAXA were all there. On-site inspections have begun, and they’re also discussing imposing “bank-level” security standards on exchanges. Gopax had an incident recently, too.

Honestly, I usually take claims like “it was only employee information” with a grain of salt. Employee information is often the entry point for the next phishing or social engineering attack.

Are you still keeping most of your coins on an exchange, or have you moved them to your own wallet?

#Bithumb #交易所安全 #韩国 #Cryptocurrency

【Market Update】Bithumb still hasn’t fully accounted for the 620,000 BTC mistakenly sent out in February, and its employee systems were hacked again in October. It recovered 99.7% of the mistakenly sent BTC; in 2017, an employee’s computer was compromised, exposing about 3% of customer records. An intrusion into its groupware system was discovered on October 27. The leak of employee information has been confirmed, while customer data is still under investigation. A 36.8 billion won fine remains suspended by the court. With governance repeatedly failing, what do you think? Share your thoughts in the comments.
$BTC $ETH $USDT
#Bithumb #韩国 #ExchangeSecurity
(Source: CryptoNewsFlash)
⚠️Risk Warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.

【Market Update】New developments in the Bithumb incident: Coinbase vendor Amplitude has suffered a breach, exposing the contact information of a small number of users. Coinbase says its systems were not compromised and no funds were affected.
South Korea’s presidential office has held an emergency meeting; information belonging to about 38,500 Daishin customers was exposed, and Wagyu refused to pay a $5 million ransom.
The leak has spread to vendors. Where is the next weak link? Join the discussion in the comments.
$BTC $ETH $XMR
#Bithumb #Coinbase #Leak
(Source: Protos)
⚠️Risk warning: The above is for sharing market information only and does not constitute investment advice. Investing involves risk; proceed with caution.

An employee-system breach at a crypto exchange still makes my stomach drop. 😟

Bithumb says the hacked internal system is separate from its trading platform. But the exchange is still determining whether customer information was exposed.

That distinction matters. So does the unanswered privacy question. 🔐

I want clarity, not assumptions of either safety or disaster.

What would you want Bithumb to clarify first about potential customer-data exposure?

#Bithumb #CryptoSecurity #DataPrivacy

Bithumb is once again serving up its familiar three-part PR package: the system that was breached was an internal employee system, it was isolated from the trading system, and customer assets are safe.

Sounds reassuring, but I actually think this is exactly the kind of incident we should be most wary of.

What was accessed was the mobile office/group chat software used by employees (some say it was Daou Office). The leak of employees’ personal information has been confirmed, but whether customer data was taken is still officially “under investigation.” No money lost doesn’t mean nothing happened. If employee lists, communications, and internal documents get out, we all know what comes next: impersonating customer support or internal staff, highly targeted phishing, or even socially engineering employees themselves to gain higher-level access. The major cases where exchanges get completely cleaned out often start with “just an office system.”

For context, since the end of September, at least 16 financial institutions in South Korea have been hit. Daishin Securities alone leaked the names, email addresses, and phone numbers of 38,490 customers. This isn’t Bithumb being unlucky; it’s someone casing the entire South Korean financial sector before treating it like an ATM.

There are also tons of accounts on X slapping on clickbait headlines like “Bithumb hacked, user data leaked” to chase views. The fact is, customer data has not been confirmed leaked. Exaggerating it or downplaying it is equally disgusting.

My approach is simple: if you use a Korean exchange, treat any call, text, or email claiming to be “Bithumb support” as a scam for the time being. Check your withdrawal whitelist and 2FA yourself. Don’t wait for the official investigation to wrap up.

#Bithumb #ExchangeSecurity

The Korean Financial Services Commission said a breach affected an internal system used by Bithumb employees, and employee information was leaked. Customer data is still being examined, and regulators have launched an on-site investigation; no leak of information enabling asset transfers has been confirmed. Are you following the updates? 🔐🧾👀

Most traded on Binance at the time of observation (October 28, 16:08 Istanbul time; source: Binance Spot 24h ticker): $USDC , $BTC , $ETH . General market monitoring, with no causal connection to the news.
#Bithumb #CryptoSecurity

Bithumb got hacked, and this time what was stolen wasn’t crypto—it was your personal information 🤡

On October 27, hackers broke into Bithumb’s internal mobile system, exposing personal information. The exchange says its trading system is physically isolated from its internal systems and that user funds aren’t affected—but it’s still investigating whether ordinary users’ data was caught up in the breach, and hasn’t given a definitive answer.

And this isn’t an isolated incident: during the same week, one brokerage firm leaked around 38,000 customer records, while another asset management firm was also breached. South Korean regulators say 16 financial institutions have reported around 100,000 data breaches this month.

You can lock the vault as tightly as you want, but thieves can still get in through an open side door. Your crypto may still be there, but once your name, phone number, and ID details get out, they become perfect ammunition for the next scam call.

Check your accounts and turn on every security feature you can. Don’t trust someone just because they know your name. 🐕

#Bithumb #DataSecurity

Bithumb discloses data leak after internal system breach

Employee mobile system hacked; exchange says trading system separate and customer assets safe

Part of wider Korean financial sector cyberattacks hitting 16 firms

#Bithumb #CryptoSecurity

🚨 BREAKING 🇰🇷 SOUTH KOREA HIT BY CYBERATTACKS! 💥 $AIN

Three major financial firms — Bithumb, Daishin Securities & Mirae Asset Global Investments — have reported data breaches! ⚠️ $EVAA

🔴 38,490 Daishin customers affected
🔴 Bithumb is investigating leaked personal information
🔴 Financial authorities are stepping in

🚨 Is South Korea facing a growing cybersecurity crisis? $HUMA

#Crypto #Bithumb #Bitcoin #Cybersecurity

Today’s crypto security bulletin looks pretty polished: four companies—Coinbase, Bithumb, Daishin Securities, and Mirae Asset—were hit on the same day, and their messaging was strikingly consistent: Coinbase and Bithumb both said funds were unaffected. But what was lost was something even more critical: Coinbase vendor Amplitude leaked users’ contact details. SlowMist says around 70,000 users were affected (Coinbase has not confirmed that figure); an employee accessed Bithumb’s internal system, and the company is still investigating whether member information was involved; and Daishin Securities confirmed that the personal and credit information of 38,490 customers was leaked. The coins are safe, but scammers got their hands on names, phone numbers, and email addresses first. Phishing, SIM-swap hijacking, and social engineering are the real main course. Pick a side in the comments: A. If no money was lost, no big deal / B. Losing personal information is scarier than losing coins—which do you choose?
$BTC $ETH $SOL #数据泄露 #Coinbase #Bithumb