South Korean Prosecutors Seek Arrest Warrants for Golf Star & Bithumb Exec
South Korean prosecutors have asked a court to arrest an ex-pro golfer and a top executive at Bithumb, one of the country’s leading crypto exchanges. YTN reported that the Seoul Southern District Prosecutors’ Office’s Fi...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
YTN reported that the Seoul Southern District Prosecutors’ Office’s Financial Investigation Department wants to try golfer Ahn Seong-hyun and Lee Sang-jun (54), the CEO of Bithumb Holdings.
Prosecutors suspect that the duo may have listed tokens on the exchange in exchange for bribes....
Read More: South Korean Prosecutors Seek Arrest Warrants for Golf Star & Bithumb Exec
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
South Korea Exchange Ban Hits KuCoin, MEXC and 25 Other Platforms
South Korea Financial Intelligence Unit (FIU) disclosed that authorities had ordered a domestic access ban on 27 websites operated...
South Korean Lender Jeonbuk Bank to Offer Bitcoin-Backed Loans
Bitcoin Magazine South Korean Lender Jeonbuk Bank to Offer Bitcoin-Backed Loans Jeonbuk Bank has become the first bank in South Ko...
South Korea Blocks 27 Crypto Exchange Websites, Including KuCoin, BitMart
South Korea’s Financial Intelligence Unit has ordered access restrictions on 27 websites operated by unregistered overseas cryptoc...
South Korea blocks access to 27 unregistered overseas crypto exchanges
South Korea's crackdown on unregistered crypto exchanges highlights the growing global trend towards stricter regulatory oversight...
South Korea clears way for courts to seize and sell Bitcoin for unpaid debts under new November rules
South Korea has established procedures for courts to seize and sell debtors' cryptocurrency to satisfy civil claims. On Oct. 12, t...
South Korea’s Jeonbuk Bank Lends Won Against Bitcoin, Using Court Sales for Defaults
Jeonbuk Bank, a regional South Korean lender, has extended a corporate loan in won secured by Bitcoin, under a setup in which the...