PANews reported on April 2nd that, according to The Block, South Korean cryptocurrency exchange Bithumb has postponed its IPO plans to 2028, further delaying its previous expectation of the second half of 2025. The exchange has signed an IPO advisory agreement with Samjong KPMG until the end of 2027 and is currently in the preparation stage, focusing on strengthening accounting policies, internal controls, and internal verification. Bithumb's revenue in 2025 is approximately 651 billion won (about $430 million), with a market share exceeding 30%. Earlier this year, the exchange was investigated by the Financial Supervisory Service of Korea for its internal controls and risk management after mistakenly distributing approximately 620,000 bitcoins (worth about $43 billion at the time) during a promotional activity. In addition, the exchange also faces regulatory pressure from the Financial Intelligence Unit regarding a fine of approximately 36 billion won (about $27 million) and a partial suspension of operations.