Executive Linked to Crypto Exchange Bithumb Found Dead Outside His Home: Report

An enforcement of the largest shareholder of cryptocurrency speech Bithumb was recovered dormant extracurricular his home. He allegedly committed termination by jumping disconnected a gathering portion nether probe by Korean prosecutors for embezzlement and banal marketplace manipulation.

Executive Found Dead Amid Investigation of Embezzlement and Stock Price Manipulation

An enforcement linked to South Korea’s largest cryptocurrency exchange, Bithumb, was recovered dormant successful beforehand of his location successful confederate Seoul Friday, Yonhap News reported.

The executive, surnamed Park, is the vice president of KOSDAQ-listed broadcast instrumentality supplier Vidente Co., the largest shareholder of Bithumb Holdings Co. that controls South Korea’s largest cryptocurrency exchange. Vidente besides holds a involvement successful Bithumb Korea.

According to section media, the enforcement committed termination by jumping disconnected a gathering portion being investigated by South Korean prosecutors for embezzlement and banal terms manipulation.

Park’s investigations progressive allegations against Kang Ji-yeon, caput of the kiosk supplier Inbiogen, and her member Kang Jong-hyun. Inbiogen is the largest shareholder of Vidente. The siblings allegedly colluded to embezzle firm funds and manipulate banal prices. They reportedly enactment Park successful complaint of accounting.

The Seoul Southern District Prosecutor’s Office launched a full-fledged probe into the lawsuit successful October past twelvemonth and raided 3 firms allegedly connected to Bithumb: Vidente, Inbiogen, and Bucket Studio. Prosecutors are expected to terminate their lawsuit against Park upon his death.

In July past year, Vidente said it held discussions astir selling its involvement successful Bithumb to FTX but nary woody had been reached. The collapsed crypto speech filed for bankruptcy successful November. FTX and erstwhile CEO Sam Bankman-Fried (SBF) person been charged by the U.S. authorities and regulators with aggregate counts of fraud.

Do you deliberation the executive’s decease was a suicide? Let america cognize successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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