Examiners Attack Three Bithumb Subsidiaries as Investor Investigation Increases
Categories: Crypto News
Examiners AttackThree Bithumb 'Subsidiaries' as Investor Investigation Increases
VariousSouth Korean firms connected with the crypto trade Bithumb - includingthe firm that claims a controlling portion of its stock - have been struck bythe indictment administration on misappropriation charges.
Per MBC,officials looked through the workplaces of Vidente, an openly recorded videogear making organization that claims a greater part 34% tranche of Bithumb'sportions. They likewise struck INBIOGEN, a footwear and extras maker, andPail STUDIO, a firm that produces diversion related contents.
While noneof these organizations seems to have a connection with the crypto area, theyare accepted to be claimed by Kang Jong-hoon, a man broadly accepted to be theproprietor and "mystery" director" of Bithumb.
Kang haspurportedly been endeavoring to sell Bithumb for north of a year subsequent toobtaining the trade - and the other three organizations - back in 2020. A fewfirms have likewise enquired about the chance of purchasing Vidente, a movethat would give them command over Bithumb.
A main SouthKorean news source recently distributed an exhaustive confession of Kangrecently, charging that he had designated the more established sister of hisVIP sweetheart, the entertainer Park Min-youthful, as an INBIOGEN chief. Park'sister has as of late ventured down from her job at INBIOGEN, yetexaminers seem to accept that monetary bad behaviors might be forthcoming atthe organizations.
Officialseliminated "bookkeeping related" archives and advancedinformation from the three firms. Prosecutors expressed that the cryptotrade Bithumb was at present not piece of their examinations.
Who IsBithumb's Greatest Investor?
Kang is a tosome degree secretive figure in the South Korean crypto industry - and doesn'thave experience with IT.His business card supposedly alludes to him as theAdministrator of Vidente, INBIOGEN, Container STUDIO, and the Bithumbsubsidiary Bithumb Live.
Theconfession's creators gave declaration from anonymous sources who guaranteedKang has connections to the hidden world - as well as an armada of extravagancevehicles, which are all enrolled in the names of companions or relatives. Park'sdelegates have affirmed that she was sincerely associated with Kang, howeverhave asserted she has since severed the relationship.