{"id":73966,"date":"2026-06-13T11:05:44","date_gmt":"2026-06-13T11:05:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/south-korea-police-detain-bithumb-ceo-lee-jae-won-as-bribery-probe-widens-after-raid\/"},"modified":"2026-06-13T11:05:44","modified_gmt":"2026-06-13T11:05:44","slug":"south-korea-police-detain-bithumb-ceo-lee-jae-won-as-bribery-probe-widens-after-raid","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/south-korea-police-detain-bithumb-ceo-lee-jae-won-as-bribery-probe-widens-after-raid\/","title":{"rendered":"South Korea Police Detain Bithumb CEO Lee Jae-won as Bribery Probe Widens After Raid"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">South Korean police named Bithumb CEO Lee Jae-won a bribery suspect after a second raid on the cryptocurrency exchange.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bithumb allegedly gained an unfair edge as MP Kim targeted its rival Dunamu on monopoly issues.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Next, Seoul police will summon aide A and others to unpack the 2024 hiring solicitation claims.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Allegations of Job Solicitation<\/h2>\n<p>South Korean police have detained the CEO of <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> exchange <a href=\"https:\/\/news.bitcoin.com\/bithumb-seoul-court-halts-six-month-suspension\/\">Bithumb<\/a> as a suspect in an ongoing bribery investigation involving allegations of preferential hiring for the son and an aide of an independent lawmaker, officials said. The Seoul Metropolitan Police Agency\u2019s Public Crime Investigation Unit is <a href=\"https:\/\/www.yna.co.kr\/view\/AKR20260611123200004\" target=\"_blank\" rel=\"noopener noreferrer\">reportedly<\/a> investigating Bithumb CEO Lee Jae-won on charges including bribery.<\/p>\n<p>Lee is accused of moving forward with the hiring of independent Rep. Kim Byung-ki\u2019s second son after receiving an employment request from the lawmaker. The investigation gained momentum after police obtained a statement from a former aide to Kim, who alleged that the lawmaker and the Bithumb CEO met at a restaurant in Mapo, Seoul, in November 2024, where the job solicitation allegedly took place. The son later worked at Bithumb for approximately six months starting in January 2025.<\/p>\n<p>Investigators suspect that Kim, who served on the National Assembly\u2019s Political Affairs Committee, may have tailored his legislative activities to benefit Bithumb in exchange for his son\u2019s employment. Authorities are looking into whether Kim intentionally targeted Bithumb\u2019s primary competitor, Dunamu, by focusing legislative pressure on that company\u2019s market monopoly issues.<\/p>\n<p>Additionally, police are investigating separate allegations that Kim pressured Bithumb to hire another one of his congressional aides, identified only as \u201cA,\u201d who has reportedly been employed at the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> exchange since September of last year. Police are checking whether this aide\u2019s later advisory role at Bithumb was connected to the broader alleged quid pro quo.<\/p>\n<p>The scope of the investigation expanded on June 8 when police executed a second search-and-seizure warrant at Bithumb\u2019s headquarters in the Gangnam district of Seoul, formally designating CEO Lee\u2014previously treated as a witness\u2014as a suspect on allegations of offering bribes.<\/p>\n<p>During an initial raid on Bithumb\u2019s offices in February, police had listed Representative Kim as the primary suspect. Kim faces a broader corruption probe involving 13 separate allegations, including claims of accepting cash payments from local council members and the misuse of a corporate card by his spouse. He has been summoned by authorities multiple times as part of the months-long investigation.<\/p>\n<p>Bithumb has denied any wrongdoing, stating that its hiring process was proper and <a href=\"https:\/\/news.bitcoin.com\/bithumbs-accidental-44-billion-bitcoin-overpayment-triggers-sudden-inspection-scrutiny-of-internal-controls\/\">compliant with regulations.<\/a> The company also maintained that the former aide\u2019s advisory role was informal and entirely unrelated to the employment of Kim\u2019s son.<\/p>\n<p>Following an analysis of the materials seized during the latest raid, police are expected to summon the aide and other involved parties for questioning regarding the circumstances of their employment and whether they were aware of the job solicitation.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/south-korea-police-detain-bithumb-ceo-lee-jae-won-as-bribery-probe-widens-after-raid\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways South Korean police named Bithumb CEO Lee Jae-won a bribery suspect after a second raid on the cryptocurrency exchange. Bithumb allegedly gained an unfair edge as MP Kim targeted its rival Dunamu on monopoly issues. Next, Seoul police will summon aide A and others to unpack [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":73967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73966"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73966"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73967"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}