Close Menu
Cryprovideos
    What's Hot

    Unitronix Provides Bitcoin to Treasury in Strategic Crypto Shift

    June 25, 2025

    US Housing Giants To Think about Crypto In Mortgage Mortgage Assessments

    June 25, 2025

    What’s Cardano ADA, and is it Value Shopping for in 2025? ‣ BlockNews

    June 25, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»South Korean Crypto Alternate Bithumb Raided Over Ex-CEO's Use of Funds – Decrypt
    South Korean Crypto Alternate Bithumb Raided Over Ex-CEO's Use of Funds – Decrypt
    Crypto News

    South Korean Crypto Alternate Bithumb Raided Over Ex-CEO's Use of Funds – Decrypt

    By Crypto EditorMarch 20, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    South Korean Crypto Alternate Bithumb Raided Over Ex-CEO's Use of Funds – Decrypt

    South Korean authorities have launched an investigation into native cryptocurrency change Bithumb, including to the agency’s authorized issues.

    Legislation enforcement executed a search and seizure at Bithumb’s headquarters in Seoul in reference to the investigation, South Korean newspaper Chosun Each day reported Wednesday, citing an announcement from the Seoul Southern District Prosecutors’ Workplace. The case includes allegations that former Bithumb CEO and advisor Kim Dae-sik used firm funds to pay a $2 million safety deposit for his private house rental.

    Bithumb didn’t instantly reply to Decrypt’s request for remark despatched outdoors of South Korean enterprise hours.

    The corporate commented on the investigation to Chosun Each day on Wednesday. 

    “Among the suspicions are true, and instantly after the Monetary Supervisory Service’s investigation, advisor Kim repaid the entire funds he had borrowed from a big firm to buy an house,” a Bithumb consultant advised the publication. 

    Based in 2014, Bithumb shortly amassed a powerful following in South Korea, with the agency accounting for roughly 90% of market share by buying and selling quantity at one level, in accordance to native English-language newspaper Korea Occasions.

    However in recent times, a flurry of tax evasion probes and fraud allegations in opposition to the agency’s senior leaders have raised considerations concerning the firm’s enterprise practices.

    Bithumb has since undergone a restructuring, and it’s shifting ahead with plans to launch an IPO and enhance its market share. This newest scandal, nevertheless, threatens to complicate its bid to safe a list on the Nasdaq inventory change. 

    South Korea is among the largest markets for crypto buying and selling. Almost 15% of its inhabitants is registered with a crypto change, Bloomberg reported in December. In the meantime, crypto buying and selling within the nation eclipsed that of shares late final yr, in accordance with the publication.

    Edited by James Rubin

    Each day Debrief Publication

    Begin day-after-day with the highest information tales proper now, plus unique options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Unitronix Provides Bitcoin to Treasury in Strategic Crypto Shift

    June 25, 2025

    US Housing Giants To Think about Crypto In Mortgage Mortgage Assessments

    June 25, 2025

    US adopts crypto in mortgage dangers as Fannie Mae and Freddie Mac replace asset fashions

    June 25, 2025

    Exploring BNB Chain's DeFi Panorama: A Have a look at Main DEXs

    June 25, 2025
    Latest Posts

    Unitronix Provides Bitcoin to Treasury in Strategic Crypto Shift

    June 25, 2025

    Analyst: MicroStrategy Has 91% S&P 500 Likelihood If Bitcoin Holds – Bitbo

    June 25, 2025

    Metaplanet Raises $515M in First Step Towards Huge Bitcoin Accumulation

    June 25, 2025

    'Defining Second': Saylor Reacts to Bitcoin's Mortgage Breakthrough

    June 25, 2025

    BlackRock and Constancy Pour Over $500M Into Bitcoin in One Day

    June 25, 2025

    UK Bitcoin Reserve Firm Buys Extra BTC, Inventory Continues to Rise – Decrypt

    June 25, 2025

    Iran’s Position Questioned in Greatest Bitcoin Hashrate Drop in Years – Bitbo

    June 25, 2025

    US dwelling mortgage regulator considers Bitcoin amid housing disaster

    June 25, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Aave Crosses $40B in Deposits as DeFi Lending Roars Again

    May 14, 2025

    Banking Large JPMorgan Chase Holds $1,016,728 in Bitcoin and Ethereum ETFs, In line with New SEC Submitting – The Every day Hodl

    February 17, 2025

    Crypto Whale Sees 5,000% Revenue on Main Altcoin Funding

    December 28, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.