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KYC Drive Causes Bithumb Disruption: Logins, Transactions Affected
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cryptonews.comThe South Korean crypto trading platform Bithumb has been hit by disrupted transactions, with deposits and withdrawals requests encountering “errors” – with customers rushing to complete new know-your-customer (KYC) procedures.
Bithumb users reported disruptions as the number of users trying to verify their identity on the exchange appears to have swamped servers with traffic.
Bithumb responded by announcing that “due to a temporary surge in the number of users” on the platform “due to” KYC-related activity, “confirmations and logins” were “being delayed intermittently,” and that “urgent measures” were “being taken” to remedy the issue.
Following the news late last month that Bithumb had been handed an official operating permit by the
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