South Korean authorities have announced an investigation into executives at Bithumb’s parent company following allegations that it listed certain cryptocurrencies in exchange for money.
As reported by Chosun Biz, the Seoul Southern District Prosecutors’ Office disclosed on Friday that a number of senior figures at Bithumb Holdings are under investigation. It also revealed that a ‘Mr. Lee’ allegedly accepted money for crypto listings.
Tech news outlet Forkast identified ‘Mr. Lee’ as Lee Sang-jun, the chief exec of Bithumb Holdings. It also reports that the company’s offices and the private residence of Lee have already been raided.
The crypto behind the alleged bribes has so far only been referred to as “a certain virtual currency. "
Bithumb subject of numerous investigations
Previous Bithumb chairman Lee Jung-hoon faced trial over fraud charges in October last year but was found not guilty in January.
Source: https://protos.com/bithumb-chief-bribed-to-list-crypto-prosecutors-claim/