Bithumb: Actively responding to South Korea's Virtual Asset User Protection Act, plans to set up a reward of up to 300 million won for reporting unfair transactions

Bithumb issued an announcement announcing that in order to protect investors and establish a sound market order, Bithumb is actively responding to unfair trading practices such as the use of undisclosed information, market manipulation, and illegal transactions before the implementation of the "Virtual Asset User Protection Act" (July 2024), and plans to establish a maximum reward of 300 million won for reporting unfair transactions. It is reported that the payment recipient is when the relevant behavior is subject to disciplinary sanctions or the court confirms that the report is true (first report).