The Seoul Metropolitan Police Agency has handed the case of the former CEO of the cryptocurrency exchange Bithumb, Lee Jong-hoon, to prosecutors in South Korea. CoinDesk reports.<\/p>\n
The beneficiary of Bithumb Holdings is suspected of fraud<\/a> in the sale of the native token BXA. According to investigators, he raised about 30 billion won ($25 million) in the pre-sale, but did not list the coin.<\/p>\n In September 2020, police conducted a series of raids<\/a> at the exchange’s offices, after which Li Jong-hoon was summoned for questioning<\/a>.<\/p>\n According to the report, authorities decided not to press charges against the former head of Bithumb related to overseas real estate and an attempted flight abroad.<\/p>\n In October 2020, South Korea’s National Tax Service confirmed the legality<\/a> of levying an additional tax of 80 billion won ($73 million) on the exchange. The agency issued the demand to the company at the end of 2019.<\/p>\n A month later, ForkLog reported an interest<\/a> in acquiring Bithumb by foreign competitors \u2014 Huobi and Binance.<\/p>\n In March 2021, media reported that the number of bidders for Bithumb had risen<\/a> to ten. The list of potential buyers included the American bank Morgan Stanley<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The Seoul Metropolitan Police Agency has handed the case of the former Bithumb CEO Lee Jong-hoon to the South Korean Prosecutor’s Office. CoinDesk reports.<\/p>\n","protected":false},"author":1,"featured_media":41421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[973,1323,974],"class_list":["post-41420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bithumb","tag-investigations","tag-south-korea"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=41420"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41420\/revisions"}],"predecessor-version":[{"id":41422,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41420\/revisions\/41422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/41421"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=41420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=41420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=41420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}