Now, tell me, do you think what happened to Bithumb is one common thing in everyday corporate environment and that everything is business as usual as far as the users are concerned?
A single raid by the police is bad. A repeated raid is worse. The case is no simple thing. It was a $25.2 million fraud case. Not to mention that just last year Korean authorities also ordered the exchange to pay $69 million in withholding tax.
A single raid by the police is bad. A repeated raid is worse. The case is no simple thing. It was a $25.2 million fraud case. Not to mention that just last year Korean authorities also ordered the exchange to pay $69 million in withholding tax.
On the contrary, Bithumb's trading activity is doing good as per CMC data which more likely depicts its users sentiment towards the exchange.
It seems like naysayers were wrong thinking that Bithumb is doomed. I think those challenges that they are facing right now could be absolutely resolved in due time not unlike hacked exchanges who have big possibility of closing down as with the case of Mt. Gox.