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Bithumb ex-chair arrested in South Korea

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

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

January 26, 2023

In "Bitcoin"

Bithumb Bitcoin Blunder: $1.3B Error Sparks Probe Into Weak Financial Oversight

South Korea’s financial authorities are facing criticism after failing to spot major flaws in Bithumb’s systems that led to an unprecedented Bitcoin error. Despite repeated inspections by the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), a vulnerability remained that allowed a single employee to trigger massive coin…

February 23, 2026

In "Crypto Analysis"

Bithumb CEO Booked on Bribery Charges in South Korea, Raising Exchange Governance Fears

The booking of Bithumb CEO Lee Jae-won on bribery charges in Seoul is the latest signal that South Korea’s crypto exchange sector faces deepening regulatory and legal hazards. According to the original report, police are investigating whether Lee helped secure a position at Bithumb for the son of independent lawmaker…

June 11, 2026

In "Bitcoin"

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Bithumb ex-chair arrested in South Korea

Related

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

Bithumb Bitcoin Blunder: $1.3B Error Sparks Probe Into Weak Financial Oversight

Bithumb CEO Booked on Bribery Charges in South Korea, Raising Exchange Governance Fears

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