Korean prosecutors are seeking the arrest of Kang Jong-Hyun, the chairman and owner of BithumbOfficial, on charges that he and two other executives embezzled money from the exchange and manipulated stock prices. cheyenneligon and HeleneBraunn report
Kang and two other executives – including his younger sister, Kang Ji-Yeon, the CEO of two publicly traded Bithumb affiliates, Inbiogen and Bucket Studio – were charged by the Seoul Southern District Prosecutor’s Office with embezzlement, breach of trust and fraudulent illegal transactions, according to local reports.
Earlier this month, it was reported that South Korea’s National Tax Service had opened an investigation into possible tax evasion at Bithumb and its affiliates. The investigation into Kang and the other executives’ behavior is separate from the tax evasion investigation, and centers around allegations that Kang and the others stole company money and conspired to manipulate stock prices.
Kang and his sister are not the first Bithumb executives to find themselves in hot water for alleged wrongdoing connected to one of Korea’s five remaining exchanges. On Jan. 3, former Bithumb ChairmanIn December, Bithumb’s largest shareholder, Park Mo, was reportedlyin South Korea after being named as a suspect in prosecutors’ investigation into the alleged embezzlement and stock manipulation. Local media reported that he took his own life.
Bithumb is one of five remaining Korean crypto exchanges following a crackdown on the industry in 2021 when
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
South Korean prosecutors request arrest warrant for Bithumb owner: ReportKang Jong-Hyun is wanted on allegations of embezzlement related to his activities one of the largest crypto exchanges in Korea.
Leer más »
Owner of Bithumb Slapped with Arrest Warrant Request'Secret chairman' of second largest crypto exchange in South Korea is facing arrest
Leer más »
Avengers: The Kang Dynasty Writer Teases Team of Phase 4 CharactersAvengers 4 writer teases new team in The Kang Dynasty: 'It's time to put the pedal to the gas again, and really take all these new characters that we like and throw them into the fire.'
Leer más »
ONEWE's Kang Hyun rocks out in the 'GRAVITY' clip teaser | allkpopONEWE continues to prepare for the release of their first full English album 'GRAVITY' and dropped a clip teaser of Kang Hyun.In the teaser…
Leer más »
Ant-Man 3 writer says Kang is even more dangerous than ThanosKang is a much bigger threat for the Avengers than Thanos ever was, Ant-Man and the Wasp: Quantumania writer teases.
Leer más »
One of the Kang variants from Loki season 2 might have leakedLoki season 2 might introduce several Kang variants, and the identity of one of them might have leaked - what you need to know.
Leer más »