Bithumb announced that in response to the upcoming Virtual Asset User Protection Act, which will be implemented in July 2024, it will establish a maximum reward of 300 million Korean won for reporting unfair transactions. This measure aims to protect investors and establish a sound market order, with the reward being paid to the first-time reporters who are disciplined or confirmed by the court.

Bithumb announced that, in order to protect investors and establish a sound market order, it is actively addressing 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" in July 2024. Bithumb plans to establish a maximum reward of 300 million Korean won for reporting unfair trading practices. It is reported that the reward will be given to the first report of relevant behaviors that have been disciplined or confirmed by the court as true.

Bithumb sets up 300 million Korean won reward to cope with South Korea's Virtual Asset User Protection Act