Bithumb’s annual revenue down by nearly 60% in 2023, report says

2024-4-2 15:00

Bithumb disclosed an operating loss of 14.9 billion won ($11 million) in 2023, citing a 58% revenue drop and Q4’s fee-free policy as contibuting factors. South Korea’s cryptocurrency exchange Bithumb has revealed an operating loss of 14.9 billion won (~$11…

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bithumb loss operating billion won revenue 2023

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Источник: btcmanager.com

bithumb loss → Результатов: 35

Bitcoin Exchange Bithumb’s Problems Pile Up with $180 Million Loss in 2018

Bithumb, which was hacked last month and later asked users to be careful about deposits, has reported a $180 million (205 billion Korean won) loss. The exchange suffers from reduced actual volume and a bear market in cryptocurrencies, according to the Korea Times.

2019-4-11 14:07	bithumb
bithumb loss 180 million problems exchange users

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Bithumb hack: Crypto-exchange ChangeNOW retains stolen XRP, EOS worth $0.5 million

The South-Korean crypto exchange Bithumb has been in the news for the past few days after a hack contributed to the loss of millions of EOS and XRP. The hacking episode, however, came to light only after Primitive Ventures’ Dovey Wan pointed it out on Twitter.

2019-4-2 14:00	News
xrp eos stolen bithumb hack pointed out

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Bithumb suffers insider hack

South Korean cryptocurrency exchange Bithumb fell victim to an insider attack, which allegedly led to a loss of $19 million in cryptocurrencies.

2019-4-3 14:18	News
bithumb insider loss led allegedly cryptocurrencies million

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The Crypto Market Operates Stable After Bithumb’s Loss of Cryptocurrencies

Bithumb, one of the most popular crypto exchanges in the world and in South Korea, has been attacked once again. The company blocked withdrawal and deposit services for a short period of time and updated the community on the matter in a blog post.

2019-4-1 08:00	News
bithumb market crypto community updated period services

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Why Didn’t Crypto Markets React To Bithumb’s Loss Of XRP, EOS?

Bithumb Loses $19M in XRP, EOS On Friday, rumors arose that Bithumb, South Korea’s largest crypto exchange, fell victim to a sudden hack. Hours after Bithumb’s deposit and withdrawal services were suddenly shut down, Primitive.

2019-3-31 01:59	XRP
bithumb xrp eos crypto didn loss markets

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Bitcoin Bull vs Bear Showdown: BTC Price Weekly Resistance & Monthly Outlook Analysis

Bitcoin turned green and jumped $4,100 by closing at $4,153. But with the 24-hours loss of 0. 16 percent, the top cryptocurrency dropped and has been trading at $4,089, at the time of writing, as per Coinmarketcap.

2019-3-30 18:36	News
bitcoin cryptocurrency per coinmarketcap writing 089 trading

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Korean Court Acquits Crypto Exchange Bithumb After Investor Filed Lawsuit Over $355K Hack

Major crypto exchange Bithumb has won a lawsuit in which an investor had sued the company for his loss of around $355,000 in an alleged hack

2018-12-27 21:42	ethereum
investor hack bithumb lawsuit exchange crypto company

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Bithumb Overtook Binance as Largest Spot Exchange by Daily Volumes in November

Cryptocompare, the cryptocurrency market data aggregator, has published its monthly exchange review for November 2018, offering insights about the latest changes in the global market using transaction data from over 70 trading venues.

2018-12-7 00:40
exchange november report data market bithumb volumes

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Changelly Exchange Assists Bithumb In Recovering 1 Million XRP Coins Worth $460,000

The biggest crypto exchange in South Korea, Bithumb was a victim of a massive hack that resulted in a loss of over $30 million of virtual assets. The breach in hot wallet resulted in the exchange immediately stopping their deposits and withdrawal while they moved their funds to the safety of cold storage. Bithumb also […]

2018-10-31 10:00	News
exchange bithumb resulted million assists deposits withdrawal

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Bithumb Resumes Deposits, Influx of Capital Expected

Bithumb, South Korea’s biggest crypto exchange as of May, is officially resuming deposits and withdrawals on August 4, after a month of freezing the platform. Potential Impact of Restoration of Bithumb’s Operations In June, Bithumb experienced a $40 million hacking attack which led to the loss of investors’ funds, falling victim to a major security […]

2018-8-3 10:06	Upbit
bithumb deposits million hacking attack experienced june

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Almost Half of Stolen Funds Recovered By Bithumb, Due To Other Exchanges

The Bithumb Recovery Process For most cryptocurrency exchanges, experiencing a hack and subsequent loss of funds could be catastrophic. To this day, it remains unclear if any of the stolen funds have been recovered, although it is highly unlikely that is the case.

2018-7-1 08:05	hack
bithumb funds stolen process exchanges recovered although

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Bithumb hack: $17 million worth Bitcoin, Bitcoin Cash, Ripple, Ethereum among other cryptos lost, not $31 million

Bithumb, one of the leading cryptocurrency exchanges worldwide has made a recent announcement stating that the exchange platform lost about $17 million [19 billion SKW] during its recent hack and not $31 million [35 billion SKW] as stated earlier.

2018-6-30 04:04	News
million hack bithumb lost billion recent platform

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31 mln to 17mln is what crypto bithumb reduces hack loss estimation to!

Hacked South Korea crypto exchange Bithumb has lowered the estimated amount of money lost in the hack from 35 billion won (about $31 million) to 19 billion won (about $17 million), according to a support announcement Thursday, June 28.

2018-6-28 18:23	South Korea
bithumb hack june south million billion won

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Crypto Exchange Bithumb Reduces Hack Loss Estimation From $31 Mln to $17 Mln

Bithumb announces less crypto stolen than originally reported, due to crypto exchange, foundation support and quickly moving holdings into a cold wallet

2018-6-28 16:20	South Korea
crypto mln bithumb exchange foundation due support

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What Koreas Crypto scene is saying

At the time, the popular South Korean cryptocurrency exchange tentatively announced a “cyber intrusion” that saw the loss of $40 million worth of cryptocurrencies. If that wasn’t enough, on June 20, Bithumb – South Korea’s largest by trade volume – also announced a major security breach in which $31 million was reported to be lost. No strangers to

2018-6-27 00:48	South Korea
south million announced lost korea largest strangers

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Bitcoin Magazine’s Week in Review: Fortunes and Fallacies

This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.

2018-6-24 20:05
bitcoin blockchain your exchange cryptocurrency creditors new

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Bithumb reduces shrink-Agrees to reimburse customers

Exchanges South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss.

2018-6-23 04:05	South Korea
exchange bithumb amount south theft customers insurance

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Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance

South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss.

2018-6-23 01:40	Virtual Currency
theft customers insurance repay fully bithumb estimate

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What has changed from Mt. Gox to Bithumb; 7 years down the line

OPINION: Earlier today, top Korean cryptocurrency exchange platform Bithumb was hacked for a loss of about $30 million. While this has been the buzz in the crypto world, many have forgotten that another infamous hack occurred on this day.

2018-6-21 13:02	News
bithumb occurred day hack years world crypto

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South Korean Bithumb Exchange Loses $30M in Latest Cryptocurrency Hack

Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea's leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice.

2018-6-20 20:25	#scams
bithumb south exchange cryptocurrency hack users security

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Crypto Switch Bithumb Stops Withdrawals during $31 Million Hack

The company said in an announcement today that the hack happened between late Tuesday night until early Wednesday morning Korean time. Though Bithumb has yet to disclose which cryptocurrency or in what amount had been damaged, it said in the announcement that the loss will be covered by the platform. As such, Bithumb said investors should

2018-6-20 10:17	hack
said bithumb hack announcement amount had damaged

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Korean crypto markets hit 2-year trade volume peak

In Q1 2024, Korean crypto markets witnessed their highest trade volume in over two years, with KRW overtaking USD in cumulative trade volume, Kaiko says. Trade volume in Korean crypto markets soared to its highest level in over two years…

EU securities watchdog: 10 exchanges dominate 90% crypto trades

The crypto market appears to be highly concentrated, as only 10 exchanges process around 90% of all trades, according to a recent study done by the European securities regulator. A recent study conducted by the European Securities and Markets Authority…

Upbit to suspend NEAR deposits, withdrawals due to ‘network upgrade’

Korean crypto exchange Upbit has announced the suspension of NEAR deposits and withdrawals due to a network upgrade planned for Mar. 11. South Korean crypto exchange Upbit said in a press release on Mar. 7 that it plans to temporary…

South Korean crypto trading volumes soar with altcoins taking center stage

Daily trading volumes on South Korean exchanges have hit their highest point since August last year, with altcoins dominating the transactions, according to data from blockchain analytical firm Kaiko.

South Korean exchanges double market share in 2023

In the last two months, traders from South Korea have largely contributed to the active growth in the volume of the cryptocurrency market.

South Korea’s Digital Milestone: Bithumb Eyes Public Listing As First Of Its Kind

Bithumb, the second-largest cryptocurrency exchange in South Korea, is actively preparing for an initial public offering (IPO) on the KOSDAQ market, the country’s version of the NASDAQ in the United States, local news outlet Edaily reported on Nov.

2024-4-2 15:00

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