Bithumb Targets 2028 IPO Amid Internal Control Overhaul

Bithumb, one of South Korea's largest cryptocurrency exchanges, has announced its plans to go public by 2028. The exchange is overhauling its internal controls as part of this process.

The move comes after a series of high-profile hacking incidents and regulatory scrutiny in the past year. In an effort to restore investor confidence, Bithumb is implementing stricter security measures and enhancing its compliance with local financial regulations.

The exchange's decision to go public is seen as a significant step towards increasing transparency and accountability within the industry.