Bithumb Wins Hack Case Court Battle; Judge Rules Crypto Exchanges are “Not Financial Institutions”

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January tax raid on bithumb found “no illegal activities such as tax evasion”

South Korea-based cryptocurrency exchange Bithumb has been acquitted of a lawsuit filed by an investor named Ahn Park. Park accused the trading platform of lax security measures which allowed hackers to steal his crypto holdings worth $355,000, reports Finance Magnets, December 26, 2018. Bithumb not Responsible for Compensating their Users Bithumb’s client, named Ahn Park, had accused the digital currencies…Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, bitcoin, Blockchain & Cryptocurrency News

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