Bithumb Conducts Training for Employees on Prohibition of Using Material Non-Public Information

Bithumb announced on the 5th that it conducted eight sessions of training on the prohibition of using undisclosed important information for all employees at its headquarters in Gangnam-gu, Seoul, from the 24th of last month until the day before.

This training was organized to eradicate the use of undisclosed important information by employees and to create a sound investment environment. Undisclosed important information refers to non-public information that can significantly affect investors' investment decisions, such as new transaction support at virtual asset exchanges, designation or cancellation of transaction warnings, and termination of transaction support.

Through this training, Bithumb strengthened employees' ethical awareness and emphasized the importance of internal control systems. Jang Doo-sik, head of Bithumb's Market Surveillance Office, served as the instructor, providing detailed explanations on the definition of undisclosed important information, related laws and regulations, violation cases, and proposed preventive measures for various possible real-life situations.

In addition to this training, Bithumb is making various efforts to prevent unfair trading. In July last year, Bithumb held a ‘Virtual Asset User Protection Pledge Ceremony’ for its employees, where they signed a pledge containing behavioral guidelines to comply with user protection laws, including confidentiality of work, prohibition of using undisclosed information, prevention and reporting of unfair trading practices such as market manipulation. Furthermore, Bithumb operates a 'Unfair Trading Reporting Reward System' that offers rewards up to 1 billion KRW to prevent unethical and illegal acts by employees.

A Bithumb representative stated, "Bithumb prioritizes investor protection," and added, "We will continue to do our best to create a sound virtual asset trading environment through ongoing education and strengthening internal controls."