Upbit, Bithumb compensate users after service outages during martial law
Upbit and Bithumb will compensate investors $2.5 million after service outages caused by a surge in crypto activity during South Korea’s martial law declaration. Source link
Upbit, Bithumb to pay largest ever compensation for system failures during martial law
South Korean crypto exchanges Upbit, Bithumb have agreed to compensate users with the largest payout ever following system failures caused by the martial law declaration. Upbit and Bithumb, two South Korean crypto exchanges, have agreed to compensate users for technical failures that occurred during the martial law declaration in December, Korean news agency Yonhap reports. […]
Martial law causes Bitcoin crash to $65K in South Korea — Here’s why
One analyst said South Korea’s limiting of the market to a few players caused a sudden decrease in liquidity. Source link
Long-time stakeholder in Upbit’s parent seeks exit just day after South Korea lifts martial law: report
Woori Technology, a long-time shareholder in Dunamu, parent company of crypto exchange Upbit, plans to exit after nine years, following a failed coup in South Korea. Woori Technology Investment, a South Korean venture capital firm, is reportedly planning to sell its nine-year stake in Dunamu, the parent company of crypto exchange Upbit, local media outlet […]
BTC/KRW pair dipped 30% as South Korea’s president declared martial law
In response to the martial law declaration, opposition Democratic Party leader Lee Jae-myung expressed concern that the military would arrest members of South Korea’s parliament. Source link
South Korean martial law catapults crypto trading volume to new record high with $34b
After the implementation of the South Korean martial law, the country’s five major crypto exchanges recorded a spot trading volume of over $34 billion in the past 24 hours, setting a new record high. According to data from CoinMarketCap, in the past 24 hours the combined crypto spot trading volume from Upbit, Bithumb, Coinone, Korbit […]
Crypto markets claw back as South Korea reverses martial law
South Korean President Yoon Suk Yeol has reversed his declaration of martial law after six hours of heightened tension at South Korea’s National Assembly. Source link
