A South Korean cryptocurrency exchange is facing regulatory investigation following a $40 billion bitcoin-related mistake. That exchange, Bithumb, announced this weekend it had accidentally given out $40 billion in the world’s most popular crypto to customers as part of a promotional rewards program. The company...
Cryptocurrency exchange FTX absorbed the venture capital operations of Alameda Research to combine portions of billionaire co-founder Sam Bankman-Fried’s businesses as crypto prices continue to experience an ongoing decline. That’s according to a Thursday (Aug. 25) report by Bloomberg News, citing an interview with Alameda CEO...
Crypto-trading platform FTX and crypto-trading platform Bithumb are in advanced discussions that could lead to FTX buying the South Korean company, Bloomberg reported. FTX’s co-founder was billionaire Sam Bankman-Fried. Bloomberg based the report, which stated that the discussions have been underway for months, on an...
U.S. Rep. Madison Cawthorn, who recently lost his primary to represent western North Carolina again, is now under investigation for crypto-related matter, a press release from the U.S. House Committee on Ethics said Monday (May 23). This comes after he might have improperly promoted a...
February 09, 2026
South Korea plans to step up its regulation of digital assets after cryptocurrency exchange Bithumb accidentally gave away over $40 billion in bitcoin, Reuters reported Monday (Feb. 9). Lee Chanjin, governor of the country’s Financial Supervisory Service (FSS), said at a press conference that the incident showed the need for legislation to apply regulatory control […]
February 08, 2026
A South Korean cryptocurrency exchange is facing regulatory investigation following a $40 billion bitcoin-related mistake. That exchange, Bithumb, announced this weekend it had accidentally given out $40 billion in the...
August 25, 2022
Cryptocurrency exchange FTX absorbed the venture capital operations of Alameda Research to combine portions of billionaire co-founder Sam Bankman-Fried’s businesses as crypto prices continue to experience an ongoing decline. That’s...
July 22, 2022
Crypto-trading platform FTX and crypto-trading platform Bithumb are in advanced discussions that could lead to FTX buying the South Korean company, Bloomberg reported. FTX’s co-founder was billionaire Sam Bankman-Fried. Bloomberg...