Express

Seoul Police Conduct Second Raid On Crypto Exchange Bithumb

Tracy CHEN

Summary: Police in Seoul, South Korea, have conducted a second raid in the space of just five days on Bithumb, the country’s market-leading crypto exchange. Per media network KBS, the Seoul Metropolitan Police Agency’s intelligence unit said that it had raided two offices belonging to Bithumb – including its Gangnam headquarters – on September 7. Police ...

Police in Seoul, South Korea, have conducted a second raid in the space of just five days on Bithumb, the country’s market-leading crypto exchange. Per media network KBS, the Seoul Metropolitan Police Agency’s intelligence unit said that it had raided two offices belonging to Bithumb – including its Gangnam headquarters – on September 7. Police first raided the Gangnam offices on September 2. Officers confirmed that the raids were conducted “to secure additional evidence related to the allegations raised.” Police have been investigating the exchange, and particularly two executives believed to play a key role in managing the company, on suspicions of fraud and embezzlement.

Tracy Chen

Last Update:

Tags: ,
Link: Seoul Police Conduct Second Raid On Crypto Exchange Bithumb   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago
  • You need to login to comment.