Bithumb, the largest crypto exchange in South Korea by trading volume, just confirmed it has sold over 38 percent of its shares for $350 million.
South Korean cryptocurrency exchange Bithumb is reportedly renewing its contract with Nonghyup Bank after solving issues prompted by a June hack.
South Korean cryptocurrency exchange Bithumb made net profits of about $35 million in the first half of this year, despite a rough June for the firm.
Trading volume on South Korea's Bithumb exchange has plummeted since it temporarily stopped offering new account registrations.
The Korean exchange says it has clawed back some of the millions lost in a theft of cryptocurrencies including bitcoin, XRP and bitcoin cash.
South Korea's Bithumb cryptocurrency exchange said Thursday that it may be able to reduce the losses arising from a major hack earlier this week.
Bitcoin remains on the hunt for $7,000 despite news that the a South Korean crypto exchange has been hacked.
Hours after an exchange breach that saw $31 million stolen from Bithumb, more details have surfaced, but some questions still remain unanswered.
Bithumb, one of the largest crypto exchanges in the world by trading volume, confirmed a hack of $31 million worth of cryptos on its platform today.
South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.