{"id":16095,"date":"2023-01-04T04:47:59","date_gmt":"2023-01-04T04:47:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/report-exchanges-bitcoin-news\/"},"modified":"2023-01-04T04:47:59","modified_gmt":"2023-01-04T04:47:59","slug":"report-exchanges-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/report-exchanges-bitcoin-news\/","title":{"rendered":"Report \u2013 Exchanges Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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An executive of the largest shareholder of cryptocurrency exchange Bithumb was found dead outside his home. He allegedly committed suicide by jumping off a building while under investigation by Korean prosecutors for embezzlement and stock market manipulation.<\/strong><\/p>\n

Executive Found Dead Amid Investigation of Embezzlement and Stock Price Manipulation<\/h2>\n

An executive linked to South Korea\u2019s largest cryptocurrency exchange, Bithumb, was found dead in front of his home in southern Seoul Friday, Yonhap News reported.<\/p>\n

The executive, surnamed Park, is the vice president of KOSDAQ-listed broadcast equipment supplier Vidente Co., the largest shareholder of Bithumb Holdings Co. that controls South Korea\u2019s largest cryptocurrency exchange. Vidente also holds a stake in Bithumb Korea.<\/p>\n

According to local media, the executive committed suicide by jumping off a building while being investigated by South Korean prosecutors for embezzlement and stock price manipulation.<\/p>\n

Park\u2019s investigations involved allegations against Kang Ji-yeon, head of the kiosk supplier Inbiogen, and her brother Kang Jong-hyun. Inbiogen is the largest shareholder of Vidente. The siblings allegedly colluded to embezzle corporate funds and manipulate stock prices. They reportedly put Park in charge of accounting.<\/p>\n

The Seoul Southern District Prosecutor\u2019s Office launched a full-fledged investigation into the case in October last year and raided three firms allegedly connected to Bithumb: Vidente, Inbiogen, and Bucket Studio. Prosecutors are expected to terminate their case against Park upon his death.<\/p>\n

In July last year, Vidente said it held discussions about selling its stake in Bithumb to FTX but no deal had been reached. The collapsed crypto exchange filed for bankruptcy<\/a> in November. FTX and former CEO Sam Bankman-Fried (SBF) have been charged<\/a> by the U.S. government and regulators with multiple counts of fraud.<\/p>\n

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Bithumb<\/a>, crypto exchange<\/a>, crypto exchange bithumb<\/a>, Executive<\/a>, executive found dead<\/a>, executive suicide<\/a>, ftx<\/a>, FTX bithumb<\/a>, FTX Vidente<\/a>, jump off building<\/a>, Korean crypto exchange<\/a>, Vidente<\/a><\/div>\n<\/div>\n

Do you think the executive\u2019s death was a suicide? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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