South Korean prosecutors have launched an investigation into Bithumb, a major cryptocurrency exchange, over allegations of embezzlement. The focus is on a 3 billion KRW ($2 million) security deposit used for an apartment rental in Seoul for Kim Dae-sik, Bithumb’s former CEO and current advisor. The Seoul Southern District Prosecutors Office raided Bithumb’s headquarters and other locations. Some projects reportedly paid up to $10 million in fees to list their tokens on Bithumb and another exchange. A Bithumb spokesperson confirmed some allegations, stating Kim repaid the full amount after securing a loan. This investigation adds to Bithumb’s recent legal troubles, which include tax probes and a price manipulation investigation. Amid these challenges, Bithumb is considering listing shares on the Nasdaq.
Johnny Midnight
@its_The_Dr
Β·
Feb 24 Katie Hobbs, now being investigated for bribery, fraud, conspiracy and racketeering.Sarah Brown, the chief adviser to Gov. Katie Hobbs, resigns as state lawmakers launch an investigation after $339 MILLION “disappeared. Gone.β
Daily Monitor
@DailyMonitor
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Feb 5 WATCH: Citizens under the Western Ankole Civil Society Forum have arrested Bushenyi District Engineer, Banabas Kiiza Mbonimpa, and handed him over to the police, accusing him of embezzling Shs339 million meant for the construction of a playground at Kabushaho Seed School.
News Central TV
@NewsCentralTV
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Mar 18 “He [Senator Akpabio] was accused of embezzling 100 billion naira during his tenure as governor of Akwa-Ibom state.” –
@AishaYesufu@yinkanubi
,
@zumamalicious
,
@martobono
,
@ELSiEiSY
discuss the alleged accusations against key Senate and House of Representatives members.Full
Sanchez IQ
@X_SanchezIQ
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Mar 19 Matters arising on Money Die For Aza – A Premium GistAlhaji Sani, a well-respected Azaman in Kano who has no idea of
@useazza
, is accused of embezzling β¦5 billion from clients who entrusted him with facilitating local and international transactions.
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