Bithumb, Unfair Trade Report Compensation 300 Million Won → 1 Billion Won Upward
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Summary
- Bithumb announced that it will increase the compensation for preventing unfair trade from the current 300 million won to 1 billion won.
- The new system is reported to strengthen internal monitoring as a measure to protect virtual asset users.
- Bithumb's CEO Lee Jae-won emphasized active efforts to establish a healthy market order and prevent unfair trade practices.
Bithumb (CEO Lee Jae-won) is taking the lead in strengthening the 'Unfair Trade Report Compensation System' for employees who voluntarily report unfair trade practices in the use of virtual assets, ahead of the enforcement of the Virtual Asset User Protection Act.
Bithumb introduced the 'Unfair Trade Report Compensation System' last July to prevent unethical and illegal activities by employees. This system, along with existing trading support and virtual asset fraud-related reporting channels, aims to protect virtual asset users by preventing unfair trade practices by employees and ensuring corporate transparency and accountability.
To further strengthen user protection, Bithumb decided to significantly increase the compensation amount from the current maximum of 300 million won to a maximum of 1 billion won. The compensation is determined comprehensively based on the severity of the incident, the importance of the information accessed, and the results of the investigation, and can be provided through phone or email.
The reportable activities include employees demanding bribes in exchange for trading support, disclosing or using important undisclosed information, directly or indirectly engaging in unfair trading activities, receiving money, gifts, or conveniences from interested parties, and improperly using company assets and information for personal gain.
Additionally, Bithumb is strengthening internal monitoring by regularly investigating the status and trading history of accounts at other trading venues related to trading support personnel.
Bithumb CEO Lee Jae-won stated, "We will actively work to establish a healthy market order and prevent unfair trade practices, creating a safe virtual asset trading environment."
