A South Korean regulator has imposed a partial six-month suspension of operations on Bithumb and a fine of 36.8 billion won (~$25 million). The grounds for the action were violations of the Act on the Regulation of Specific Financial Transactions (equivalent to AML legislation).
The exchange’s CEO received an official reprimand, and the person responsible for reporting was suspended from duty for six months.
According to the FIU, during inspections in 2024–2025 covering the country’s five largest exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax), approximately 6.65 million violations were identified at Bithumb: ~3.55 million for failure to comply with KYC procedures, and ~3.04 million for violations related to transaction limits.
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