Bithumb exchange’s former chairman, Kang Jong-hyun has been arrested by Korean authorities for suspected embezzlement charges. On Jan. 25, the Seoul Southern District Court issued an arrest warrant for the 41-year-old Bithumb owner on multiple charges concerning fraudulent transactions, breach of trust, market manipulation, and dereliction of duty. According to the prosecutors, Kang Jong-hyun and his brother Kang Ji-yeon collaborated to inappropriate and manipulate stock prices. Kang Ji-yeon is currently the CEO of Bithumb affiliate Inbiogen and Bucket Studio. Vidente, a proxy arm of the Inbiogen business, owns the largest share of the Bithumb (34.2% stake), while the Bucket studio
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Author: NixCoin