South Korea Raids Bithumb Amid Former CEO’s Alleged $2M Embezzlement

South Korea Raids Bithumb Amid Former CEO’s Alleged $2M Embezzlement

As part of an investigation into claims that its former CEO, Kim Dae-sik, embezzled company cash to pay for a personal apartment purchase, South Korean officials raided cryptocurrency exchange Bithumb. Bithumb is being investigated by prosecutors for alleged financial misconduct. Bithumb's premises were searched by Seoul's Southern District Prosecutors' Office on March 20 in response to claims that the exchange had given Kim Dae-sik a 3 bi...

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