Former chairman of South Korean crypto exchange Bithumb arrested

02/02 12:32

According to Coindesk, Kang Jong-Hyun, the former chairman at South Korean crypto exchange Bithumb has been arrested on charges of embezzlement, breach of trust and fraudulent illegal transactions. South Korean prosecutors had sought the arrest of Jong-Hyun last week along with two other executives – including his younger sister, Kang Ji-Yeon, the CEO of two publicly traded Bithumb affiliates, Inbiogen and Bucket Studio.
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