PANews reported on April 30 that, according to Yonhap News Agency, the Seoul Administrative Court in South Korea accepted Bithumb's application to suspend the six-month partial business suspension imposed by the Financial Intelligence Unit (FIU). This suspension will remain in effect until a formal judgment is rendered. Previously, the FIU accused Bithumb of violating 6.65 million violations under the Specific Financial Information Act, including obligations prohibiting transactions with unreported virtual asset operators, customer confirmation obligations, and transaction restriction obligations. In March of this year, the FIU imposed a six-month partial business suspension and a fine of 36.8 billion won.

The partial suspension of operations refers to a ban on new customers depositing or withdrawing external virtual assets. This six-month suspension is the most severe sanction faced by exchanges trading in the South Korean won market. The penalty was originally scheduled to take effect on March 27th, but Bithumb filed an administrative lawsuit on March 23rd before it took effect and applied for a stay of execution. The court granted the application, and the penalty remains suspended to this day.