Bithumb in turmoil, Binance’s 47K law requests, Axie players down 85%: Asia Express – Cointelegraph Magazine

Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil  On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb, over embezzlement allegations. That same day, the Financial Investigation Second Division of the Seoul Southern District Prosecutor’s Office accused Jong-Hyun and two Bithumb executives of embezzlement, conducting fraudulent transactions and breach of trust.  A leaked photo of Bithumb chairman Kang Jong-Hyun. Source: Korea Post English Authorities said that Kang played a key role in manipulating the stock prices