South Korea’s Bithumb Exchange faces six-month suspension and CEO disciplinary measures: report

The South Korean Financial Intelligence Unit has imposed a six-month partial suspension on Bithumb due to anti-money laundering violations. This action restricts transfers for new users only and follows an investigation into a mistake involving 620,000 BTC transfers.

The CEO of Bithumb faces disciplinary measures amid the ongoing investigation. The financial authorities have formed a review committee to decide on potential sanctions adjustments, indicating that the current measures are temporary.

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