Crypto Exchang Bithumb is undergoing the South Korean police raided the company’s headquarters. This procedure is in response to embezzlement demands against Kim Die Seick, the former CEO. The investigation generally focuses on a specific financial treatment that includes a large amount of money.
Prosecution Center when purchasing apartments
based on ReportsThe essence of the investigation revolves around the deposit of renting a company of two million dollars. Prosecutors are looking for allegations that Kim Die Sick uses this money to buy an apartment for his personal use.
Image: Bloomberg News
The authorities are eager to learn the details and legitimacy of the financial flow, although the exact time sequence of this alleged deal was not yet clear. In response to these allegations, Petomb He said that the former CEO had already paid the full amount.
The fact that the investigation is still continuing, despite this return, that public prosecutors are planning to look closely at the facts behind the original use of corporate funds.
Bithumb follows the general inclusion amid the investigation
This investigation comes in a decisive time for Bithumb because the exchange of cryptocurrency is actively working on another attempt to become a public circulating. It is said that Lee Jay Won, the current CEO of Bithumb, is pushing forward with The first general offering (Subscription) The process.
This step to go to the public is not a new endeavor for Bithumb. The company’s ambitions dates back to the list in the stock market until 2020. However, previous attempts were confronted with various challenges, which prevents successfully completing the public subscription.
Previous challenges hinder the attempts of the previous public subscription
There was a large barrier in the previous public manifestations of Pittmarb that was the charges of alleged fraud against its former president. It is clear that the latest legal obstacles have prevented the flow and distorted its way towards a general list.
The continuous investigation of embezzlement in the former CEO casts the current activities of Bithumb. The result of this last legal procedure on the company’s ambitions that were revived and its location in the South Korean Bitcoin market was not yet known.
Research results may have significant impacts on Bithumb’s reputation between investors and future capabilities. The South Korean Bitcoin industry is closely monitoring this lawsuit.
Distinctive image from Gemini Imagen, the tradingvief chart
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