Bithumb executive arrested in South Korea on embezzlement charges
Bithumb owner Kang Jong-hyun denied accusations he embezzled over KRW60 billion from the company while his brother is being investigated for potential involvement in the case.
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South Korea: Prosecutors seek warrant to arrest Bithumb owner on fraud allegations
South Korean authorities say Kang Jong-Hyun was involved in stock price manipulation in Bithumb's affiliate companies like Vident, Bucket Studio, and Inbiogen using convertible bonds.