South Korean police are investigating Bithumb CEO Lee Jae-won over bribery allegations linked to hiring people connected to independent lawmaker Kim Byung-ki. According to Yonhap News, the Seoul Metropolitan Police Agency’s Public Crime Investigation Unit is examining claims that Lee approved the hiring of Kim’s second son after receiving a direct employment request from the […]
South Korean cryptocurrency exchange Bithumb has moved to secure court approval to freeze 7 BTC that remain unreturned following a payout error earlier this year. The dispute escalated after a small number of users declined to hand back the funds. Legal Route According to the latest report by a local media, ‘Chosun Biz,’ Bithumb has […]
South Korea’s financial authorities are facing criticism after failing to spot major flaws in Bithumb’s systems that led to an unprecedented Bitcoin error. Despite repeated inspections by the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), a vulnerability remained that allowed a single employee to trigger massive coin transfers without detection. Bithumb Crypto […]
South Korean prosecutors have launched an investigation into Bithumb over allegations that company funds were misused to purchase an apartment for its former CEO. The Seoul Southern District Prosecutors’ Office conducted a search and seizure operation on March 20 at the company’s headquarters in Yeoksam-dong, Seoul. The Alleged Purchase According to local media reports, Bithumb […]