It was found that Bithumb, a cryptocurrency exchange, has more deposits and virtual assets than customers entrusted.
On the 1st, Bithumb released such a financial due diligence report for the second half of 2020 through its website.
According to a report prepared by Hanul Accounting Firm, it was confirmed that more deposits were stored in financial institutions than the total amount of member deposits as of the 8th of last month. The total number of virtual assets held by the company also exceeded the number of members.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.