Bithumb Shuts Down USDT Market After Regulatory Probe

Blast API Shutdown Sparks Shift in Web3 Infrastructure. Photo by BeInCrypto Bithumb, South Korea's second-largest crypto exchange, is closing its USDT market and order-book-sharing with Australia's Stellar Exchange after only two months, amid regulators' scrutiny of anti-money laundering controls. The shutdown took effect at 11:00 AM on Friday, impacting 10 cryptocurrencies traded in the USDT market. Regulatory Investigation Triggers Closure The Korea Financial Intelligence Unit (FIU) began an on-site i ...