Sadly, the beginning of the end for Bithumb has already begun. This is going to be all spiral downward for the country's top cryptocurrency exchange. Beginning from the first raid which was almost immediately followed by a second raid. And now the enforcing of the seizure.
I think there is nothing to worry about this recent development on Bithumb since it could only lead to a corporate takeover and will not stop its daily operations.
There is a real reason to worry. Many companies in recorded history have fallen due to quarrels, legal battles, and the like which involve high company officials against fellow officials. It cannot be said that the operation is business as usual. There might be a ripple effect and no one can tell how the entire company will be affected.
Bithumb traders will probably be leaving in large number from this exchange. I would do the same if I have an account in there. This platform could close anytime.
With Bithumb's status as one of the large crypto exchange in Korea, traders will have second thoughts on leaving it altogether, not unless they find a better alternative exchange which I doubt could be hard to find at the moment. Imho.
South Korea has a lot of crypto exchanges which are as reputable as Bithumb. The country has Huobi, Coinone, etc.