South Korean police reportedly raid Bithumb for second time

[Lenipiw]

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

[highnayem34]

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).