Bithumb Shuts Down USDT Market After Regulatory Probe

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 investigation at Bithumb on October 1, 2025. The probe focused on whether the exchange’s order-book sharing might create loopholes in anti-money laundering protocols source: https://beincrypto.com/bithumb-usdt-market-shutdown-regulatory/