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.
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.
True! No one would continue trading on a troubled platform knowing that enforcement agencies are behind it! Even though their international entity is not touched by the agencies but still the credibility factor may force the active users to leave.
I believe when the owners can't keep things clean and transparent, it's better they close down their operations.