Tag: South Korea

South Korea’s largest cryptocurrency exchange hacked

June 22, 2018

Bithumb has claimed that $31.5 million worth of virtual coins were stolen by hackers. South Korea-based cryptocurrency exchange Bithumb briefly suspended its deposit and withdrawal services after hackers stole over $30 million worth of virtual currency, the company said on Wednesday. The exchange, which is based in Seoul, conveyed the message to its followers on … More South Korea’s largest cryptocurrency exchange hacked

South Korea moves to ban anonymous cryptocurrency trading

January 25, 2018

South Korea is banning the use of anonymous bank accounts for buying and selling virtual currencies, a move that is aimed at clamping down on crimes co-opting the currencies as well as at reining in the speculative frenzy that has gripped the country. The measure, which was in fact several weeks in coming, was announced by … More South Korea moves to ban anonymous cryptocurrency trading