Bithumb’s largest shareholder executive found dead following allegations of embezzlement

1 year ago

Mr. Park Mo was recovered dormant aft an probe had been launched against him for embezzlement and banal terms manipulation.

Bithumb’s largest shareholder enforcement  recovered  dormant   pursuing  allegations of embezzlement

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Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency speech Bithumb,was reportedly recovered dormant successful beforehand of his location astatine 4 am, connected the greeting of Dec. 30. 

Prior to his death, Mr. Mo had been named arsenic a superior fishy successful an probe launched by South Korean prosecutors for his alleged engagement successful the embezzling funds astatine Bithumb-related companies, arsenic good as, manipulating banal prices.

In October 2021, the Financial Investigation Division of the Seoul Southern District Prosecutor's Office launched an probe into allegations made against Mr. Park Mo, which led to the seizing of Bithumb-affiliated companies specified arsenic Vident, Inbiogen, and Bucket Studio. 

Vident, a KOSDAQ-listed company, is known to beryllium Bithumb's largest shareholder and holds a 34.22% involvement successful the cryptocurrency exchange. 

According to Money Today, the vice president of Vidente, the largest shareholder of South Korean cryptocurrency speech Bithumb, committed termination by jumping disconnected a gathering portion being investigated by South Korean prosecutors, suspected of corruption and terms manipulation.

— Wu Blockchain (@WuBlockchain) December 30, 2022

It is suspected that Mr. Mo whitethorn person taken his ain beingness owed to the quality of the transgression allegations that had been brought against him.

Related: Amber Group’s co-founder Tiantian Kullander passes distant astatine 30

Within the past 3 months, the fig of deaths wrong the cryptocurrency assemblage has been notable. 

On Nov 1, Cointelegraph reported that Nikolai Mushegian, the co-founder of the cryptocurrency lending level MakerDAO and the decentralized Dai (DAI) stablecoin, was recovered dead successful Puerto Rico astatine the property of 29. 

On Nov. 23, Amber Group’s co-founder Tiantian Kullander, besides known arsenic “TT,” unexpectedly passed distant successful his slumber astatine the property of 30, leaving down a woman and son.

The Russian billionaire Vyacheslav Taran, president of Libertex Group and laminitis of Forex Club, besides died connected Nov. 25 successful a chopper clang successful France portion en way from Lausanne, Switzerland to Monaco. He was 53 years old.

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