Owner of Bithumb due to price manipulation arrested (report)

Owner of Bithumb due to price manipulation arrested (report)

reported reported South Korean law enforcement officers Kang Jong-Hyun-the owner of the leading cryptocurrency exchange Bithumb.

The prosecutors claim that he had manipulated share prices and embezzled almost $ 50 million

In the face of possible prison period

according to Local Cover , Kang Jong-Hyun-Probably the actual owner of Bithum-was arrested in South Korea today (February 2). The authorities Problematic A week ago an arrest warrant for allegations that he had violated the country's financial laws, manipulated stock prices and stole 60 billion (almost 50 million dollar).

The police also determined Jo Mo-a person who was part of Kang's inner cycle and a representative of the cryptocurrency platform.

It is worth noting that another Bithumb manager has supposedly destroyed important evidence, including hard drives and CCTV recordings that could have brought more light into the case. He was recently sentenced to a prison sentence.

The public prosecutor further claimed that the stock exchange had listed the evaluation of A Coin on the retail ground. This prompted a thorough examination and attacked Data Preserver-Spaces = "True"> of the company's headquarters in the capital Seoul.

Kang previously denied all accusations against him. However, his name is mysterious. The 41-year-old has registered most of his shops, real estate and numerous vehicles on his sister Kang Ji-Yeon's name and thus also investigated them.

Local media recently indicated that the mysterious man is together with Park Min-Young (one of the most famous Korean actresses).

Ex-chairman of Bithumb found not guilty

The Central District Court of Seoul rules Preserver-Spaces = "True"> last month-the former chairman of the stock exchange-was not fraud. has withdrawn.

he was accused of violating the law on the law on the difficult punishment of certain economic crimes in 2018 and being embezzled more than $ 87 million of the chairman of the BK Group-Kim Byung-Gun.

"It cannot be admitted that the proceeds from stock trading due to a mistake caused by fraudulent acts, such as the facts of the public prosecutor's office, were sold solely on the basis of the evidence presented by the public prosecutor," said the judge.

against Park Mo-the Vice President of Vidente (the largest shareholder of Bithumb)-was also determined for embezzlement and manipulation of stock prices. However, he was Dead found at the end of the last year before his house in Seoul. The first examination did not show any signs of a possible murder, which means that Mo could have committed suicide.

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