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Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Lenipiw on September 09, 2020, 07:36:08 AM

Title: South Korean police reportedly raid Bithumb for second time
Post by: Lenipiw on September 09, 2020, 07:36:08 AM

Bithumb has remained quiet despite the second police raid in the course of a week. Bithumb, the largest cryptocurrency exchange in South Korea, is reportedly facing more police raids in Seoul.

The Seoul Metropolitan Police Agency has conducted additional search and seizure checks at Bithumb’s headquarters in the Gangnam District on Sept. 7, local publication Seoul Shinmun reports.
Visit here: https://cointelegraph.com/news/south-korean-police-reportedly-raid-bithumb-for-second-time

Title: Re: South Korean police reportedly raid Bithumb for second time
Post by: highnayem34 on September 09, 2020, 04:41:31 PM

As reported by Cointelegraph, the executive is purportedly accused of major financial fraud involving the BXA token. Promoted as Bithumb’s native token, BXA token has been never launched or listed. Through promoting BXA token, Jung-hoon allegedly got involved in a high scale fraud that reportedly caused investor damages of 30 billion won ($25 million).