Bithumb management and auditor clash over internal control effectiveness

Bithumb's management and its auditor have offered conflicting assessments of the company's internal controls, Yonhap News reported. According to a disclosure filed on April 2 with South Korea's Financial Supervisory Service, Bithumb's management stated in its 2025 fiscal year business report that it believes the company's internal accounting management system is effectively designed and operating. In contrast, Bithumb auditor Lee Byung-ho stated in the same report that from a materiality perspective, the system is not effectively designed and operating.