TFTC on Nostr: A Seoul court just blocked South Korea's Financial Intelligence Unit from enforcing a ...
A Seoul court just blocked South Korea's Financial Intelligence Unit from enforcing a six-month partial suspension against Bithumb, the country's largest exchange by Korean won volume.
The FIU imposed the suspension in March alongside a ~$25 million fine, alleging 6.65 million violations of anti-money laundering laws. Regulators accused Bithumb of processing transfers with 18 unregistered overseas exchanges and failing to properly verify users. The suspension would have blocked new customers from depositing or withdrawing assets, effectively freezing Bithumb's growth.
The court granted the stay, ruling that enforcement would cause "irreparable harm." Bithumb can continue normal operations while the case proceeds. The penalty is not canceled, just paused until a final ruling.
Published at
2026-05-02 17:26:35 CESTEvent JSON
{
"id": "045db62e915f40164667ab7b45f2c27fc2b04919a2ff2fb2f5ba5068adb6d013",
"pubkey": "85bdb5875e113dcc99498b474636449882ee15a1c78154ab07c065b47339d672",
"created_at": 1777735595,
"kind": 1,
"tags": [
[
"imeta",
"url https://blossom.primal.net/7a2fdf458b8a3b5d3bd73f6643abdd8476554f1f0846afe806c21507f564efa6.jpg",
"m image/jpeg",
"x 7a2fdf458b8a3b5d3bd73f6643abdd8476554f1f0846afe806c21507f564efa6",
"size 128596"
]
],
"content": "A Seoul court just blocked South Korea's Financial Intelligence Unit from enforcing a six-month partial suspension against Bithumb, the country's largest exchange by Korean won volume.\n\nThe FIU imposed the suspension in March alongside a ~$25 million fine, alleging 6.65 million violations of anti-money laundering laws. Regulators accused Bithumb of processing transfers with 18 unregistered overseas exchanges and failing to properly verify users. The suspension would have blocked new customers from depositing or withdrawing assets, effectively freezing Bithumb's growth.\n\nThe court granted the stay, ruling that enforcement would cause \"irreparable harm.\" Bithumb can continue normal operations while the case proceeds. The penalty is not canceled, just paused until a final ruling.\nhttps://blossom.primal.net/7a2fdf458b8a3b5d3bd73f6643abdd8476554f1f0846afe806c21507f564efa6.jpg",
"sig": "7e9ea67d23b7592b706ce93aa7d35b77ab9d28fe74a53ae160376ad84d0b989ac7d6ab30e8f65811f8cb14c6f6efcb35b287be84f84d22815ffa145cc45f2395"
}
