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Bithumb's first-half revenue nearly halved, plunging 48.7% year-over-year, with a net loss exceeding $70 million
According to Yonhap News Agency, South Korean cryptocurrency exchange Bithumb announced its financial report for the second quarter of 2026. Revenue for the first half of 2026 was 168.8 billion won (approximately 109 million USD), plummeting 48.7% year-on-year; operating profit was 14.9 billion won (approximately 9.6 million USD), dropping significantly 83.4% year-on-year; net loss reached 108.7 billion won (approximately 70.1 million USD). Specifically, second-quarter revenue was 86.3 billion won (approximately 55.7 million USD), down 35.8% year-on-year; operating profit was 12.1 billion won (approximately 7.8 million USD), a year-on-year decrease of 44.0%. Bithumb stated that the performance decline was mainly due to the continued high interest rate policy in the United States, causing Korean and global investors to shift their funds and attention to stock markets such as AI and semiconductors, leading to a subsequent decline in the activity of the virtual asset trading market.
South Korea FSS Upgrades Anti-Fraud System, Crypto Assets Included in Voice Phishing Compensation Coverage
According to Cryptopolitan, South Korea's Financial Supervisory Service (FSS) has launched a three-month fraud refund system reconstruction project with a budget of approximately 119 million Korean won. This upgrade aims to align with the revised "Telecommunications Fraud Damage Compensation Act" amended on March 31 this year—the bill will officially take effect on October 1, formally incorporating virtual assets into the scope of "damaged property" and "refundable property." The new system will support calculating compensation amounts based on token type and quantity, using the Korean won value at the time funds were frozen as a reference benchmark, while also possessing the ability to disentangle mixed fraud funds across multiple accounts. Major exchanges such as Upbit, Bithumb, Coinone, Korbit, and GOPAX will be required to assume anti-fraud and victim relief obligations equivalent to those of banks at that time, including verifying transaction purposes, monitoring suspicious funds, and freezing suspected accounts.
韩国加密交易市场洗牌：五大交易所上半年交易额同比下降54.6%，中小交易所寻求合作重组
TechFlow News, August 1, according to South Korean media NexBlock, South Korea's virtual asset market trading volume continues to shrink, and the competitive landscape among the five major KRW exchanges is changing. During the market downturn, funds are further concentrating on platforms with leading liquidity, while small and medium-sized exchanges are seeking breakthroughs through cooperation with securities companies, institutional market positioning, and business restructuring. The focus of future competition will no longer be just trading volume, but stablecoin liquidity, traditional financial cooperation, institutional market expansion, and regulatory compliance capabilities. Data shows that in the first half of this year, South Korea's five major KRW exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) accumulated trading volume of about $366.58 billion, a year-on-year decrease of 54.6%. From July 1 to 27, the five major exchanges accumulated trading volume of about 17.34 trillion KRW, a decrease of 16.9% compared to the same period last month. Among them, Upbit's trading volume was about 11.69 trillion KRW; although down 10%, its market share rose from 62.3% to 67.4%. Bithumb's trading volume dropped to 4.71 trillion KRW, with its share decreasing from 30.7% to 27.1%, expanding the gap between the two to 40.3 percentage points.
Mirae Asset以约1.02亿美元收购Korbit多数股权，后者更名为Digital X
Mirae Asset Consulting 已取得韩国最早加密货币交易所 Korbit 的多数控制权，持股比例升至 97.15%，交易总额约 1414 亿韩元，按汇率折合约 9500 万至 1.02 亿美元。 韩国公平交易委员会已于 2026 年 7 月 9 日批准该交易，认为收购不太可能限制竞争，并提及 Korbit 2025 年在韩国加密交易市场约 0.5%的份额。Mirae Asset 表示，Korbit 运营实体、用户存款和核心交易服务暂时保持不变，客户资产将按现有保护规则隔离保管。 Korbit 将更名为 Digital X。Mirae Asset 创始人兼全球战略官 Park Hyeon-joo 表示，Digital X 是 Mirae Asset 3.0 战略的核心，计划在同一平台连接现实世界资产代币化、证券型代币发行、稳定币、传统证券和数字资产。 Mirae Asset 表示，Digital X 并非以交易量超越 Upbit 或 Bithumb 为目标，而是定位为基础设施平台，将其证券和资产管理背景与 Korbit 的数字资产运营结合。Digital X 目前将基于 Korbit 现有牌照和用户基础运营。
Mirae Asset completes 97.15% acquisition of Korbit, rebrands as Digital X
Odaily Odaily: Mirae Asset has completed the acquisition of a 97.15% stake in Korbit, one of South Korea's earliest cryptocurrency exchanges, and rebranded it as Digital X. The company plans to develop Digital X into a smart investment platform, integrating real-world assets, security tokens, stablecoins, traditional assets, and digital assets within the same ecosystem. Mirae Asset stated that it will not directly compete with dominant exchanges like Upbit and Bithumb. Instead, it will focus on investor education, research, strict compliance standards, and institutional-grade infrastructure.
South Korean Lawmaker's Aide Suspected of Pressuring Financial Regulators to Interfere in Upbit and Bithumb Stablecoin Fee Competition
According to BLOCKMEDIA, South Korean police are investigating a case of political interference in crypto market competition. The former aide of independent lawmaker Kim Byung-ki was alleged to have pressured the Financial Supervisory Service (FSS) in February last year, forcing Upbit to terminate fee reduction campaigns for $USDC and $USDT to alleviate the financial pressure suffered by competitor Bithumb due to launching zero-fee promotions. The suspicion lies in the fact that the aide secured an informal advisory position at Bithumb several months after the interference occurred, while the lawmaker's son was also hired as an intern by the exchange. Bithumb denied knowledge of any political interference, insisting that the fee adjustment was an independent business decision.
Bithumb Suspends Virtual Asset Deposit and Withdrawal Transactions Related to Heleket
According to an official announcement, South Korean cryptocurrency exchange Bithumb has announced the immediate suspension of all virtual asset deposits and withdrawals related to the overseas payment platform Heleket, effective May 21, 2026. The announcement states that Heleket is suspected of involvement in illegal activities such as money laundering and terrorist financing. Bithumb stated that this measure is taken to comply with relevant regulations, including the Act on Reporting and Using Specified Financial Transaction Information and the Virtual Asset User Protection Act, and to safeguard users’ assets. Bithumb also warned that using unverified overseas services may expose users to risks such as hacking attacks and disruptions to deposit and withdrawal services.
Aethir Prevents Cross-Chain Bridge Vulnerability Attack and Promises Compensation
Decentralized GPU cloud computing infrastructure platform Aethir confirmed that its Ethereum-related bridge contract was attacked. The team promptly disconnected the affected contract and, in collaboration with major exchanges, blacklisted the hacker’s wallet, limiting losses to under $90,000. Earlier, blockchain security firm PeckShield estimated losses at $400,000. The attacker exploited Aethir’s cross-chain smart contract, AethirOFTAdapter, to transfer stolen funds from BNB Chain to Tron. Aethir stated that its Ethereum mainnet ATH token supply remains unaffected. It plans to release a detailed compensation plan and incident analysis next week and will collaborate with exchanges including Binance, Upbit, and Bithumb to freeze funds. Web3 security platform ZeroShadow is assisting with the investigation. In 2025, Aethir achieved $127.8 million in revenue and deployed over 440,000 GPU containers globally.
Bithumb Will List TRB KRW Trading Pair
According to the official announcement, Bithumb will list the TRB/KRW trading pair.
Bithumb will list DAPPOS (DOS) KRW trading pair
According to the official announcement, Bithumb will list the DAPPOS (DOS) KRW trading pair.
South Korea FSS Upgrades Anti-Fraud System, Crypto Assets Included in Voice Phishing Compensation Coverage
According to Cryptopolitan, South Korea's Financial Supervisory Service (FSS) has launched a three-month fraud refund system reconstruction project with a budget of approximately 119 million Korean won. This upgrade aims to align with the revised "Telecommunications Fraud Damage Compensation Act" amended on March 31 this year—the bill will officially take effect on October 1, formally incorporating virtual assets into the scope of "damaged property" and "refundable property." The new system will support calculating compensation amounts based on token type and quantity, using the Korean won value at the time funds were frozen as a reference benchmark, while also possessing the ability to disentangle mixed fraud funds across multiple accounts. Major exchanges such as Upbit, Bithumb, Coinone, Korbit, and GOPAX will be required to assume anti-fraud and victim relief obligations equivalent to those of banks at that time, including verifying transaction purposes, monitoring suspicious funds, and freezing suspected accounts.
Bithumb Will List BlockStreet (BSB) KRW Trading Pair
According to the official announcement, Bithumb will list the BlockStreet (BSB) KRW trading pair.
Bithumb Will List QUID KRW Trading Pair
According to the official announcement, Bithumb will list the QUID/KRW trading pair.
Bithumb Will List META2 and USDG KRW Trading Pairs
According to the official announcement, Bithumb will list META2 and USDG KRW trading pairs.
Related news
Bithumb's first-half revenue nearly halved, plunging 48.7% year-over-year, with a net loss exceeding $70 million
According to Yonhap News Agency, South Korean cryptocurrency exchange Bithumb announced its financial report for the second quarter of 2026. Revenue for the first half of 2026 was 168.8 billion won (approximately 109 million USD), plummeting 48.7% year-on-year; operating profit was 14.9 billion won (approximately 9.6 million USD), dropping significantly 83.4% year-on-year; net loss reached 108.7 billion won (approximately 70.1 million USD). Specifically, second-quarter revenue was 86.3 billion won (approximately 55.7 million USD), down 35.8% year-on-year; operating profit was 12.1 billion won (approximately 7.8 million USD), a year-on-year decrease of 44.0%. Bithumb stated that the performance decline was mainly due to the continued high interest rate policy in the United States, causing Korean and global investors to shift their funds and attention to stock markets such as AI and semiconductors, leading to a subsequent decline in the activity of the virtual asset trading market.
Bithumb Will List TRB KRW Trading Pair
According to the official announcement, Bithumb will list the TRB/KRW trading pair.
Bithumb will list DAPPOS (DOS) KRW trading pair
According to the official announcement, Bithumb will list the DAPPOS (DOS) KRW trading pair.
South Korea FSS Upgrades Anti-Fraud System, Crypto Assets Included in Voice Phishing Compensation Coverage
According to Cryptopolitan, South Korea's Financial Supervisory Service (FSS) has launched a three-month fraud refund system reconstruction project with a budget of approximately 119 million Korean won. This upgrade aims to align with the revised "Telecommunications Fraud Damage Compensation Act" amended on March 31 this year—the bill will officially take effect on October 1, formally incorporating virtual assets into the scope of "damaged property" and "refundable property." The new system will support calculating compensation amounts based on token type and quantity, using the Korean won value at the time funds were frozen as a reference benchmark, while also possessing the ability to disentangle mixed fraud funds across multiple accounts. Major exchanges such as Upbit, Bithumb, Coinone, Korbit, and GOPAX will be required to assume anti-fraud and victim relief obligations equivalent to those of banks at that time, including verifying transaction purposes, monitoring suspicious funds, and freezing suspected accounts.
Bithumb Will List BlockStreet (BSB) KRW Trading Pair
According to the official announcement, Bithumb will list the BlockStreet (BSB) KRW trading pair.
Bithumb Will List QUID KRW Trading Pair
According to the official announcement, Bithumb will list the QUID/KRW trading pair.