Bithumb seeks to reappoint CEO Lee Jae-won as the exchange faces AML penalties, new probes, and license renewal pressure.

The suspension applies only to new user accounts while existing customers may continue trading and moving funds.

Crypto exchange Bithumb will have to pay a fine of 36.8 billion won, about $24.5 million, after it was found to be in violation of South Korea’s Anti-Money Laundering rules. According to a local media report, South Korea’s Financial Intelligence…