Bithumb was raided by South Korean authorities in the present day after it allegedly offered its former CEO with $2 million for an condo deposit.
YTN stories that the Seoul Southern District Prosecutor’s Workplace performed the raid on Bithumb’s Yeoksam-dong headquarters after Kim Dae-sik allegedly misappropriated 3 billion received to purchase the property in Seoul.
The Monetary Supervisory Service initially launched an investigation and handed it over to Seoul’s prosecutors.
Learn extra: Footage from Singapore raid that seized $735M in crypto and different property
Bithumb was raided again in 2023, together with Upbit, after a South Korean lawmaker used the exchanges to carry roughly $4.5 million price of wemix cash.
The official was accused of buying and selling cryptocurrency throughout parliamentary periods and had voted in favor of assorted crypto laws.
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The put up Bithumb raided over former CEO’s $2M condo buy, report appeared first on Protos.