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Cointelegraph · Mar 20, 2025 10:34 AM EDT FinanceCryptoHousing

South Korea raids Bithumb amid ex-CEO’s alleged $2M embezzlement

South Korean prosecutors raided crypto exchange Bithumb following suspicions that its former CEO embezzled funds to purchase an apartment. On March 20, Seoul’s Southern District Prosecutors Office reportedly searched Bithumbs offices in the country. The investigation centered around allegations that the crypto exchange gave a 3 billion Korean won (over $2 million) apartment lease deposit to Kim Dae-sik, its former C…

South Korea raids Bithumb amid ex-CEO’s alleged $2M embezzlement
Image Cointelegraph

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