The South Korean prosecution has seized and searched the operator of CELEbe, who is suspected of bribing the Bithumb CEO with 5 billion won for listing

ChainCatcher news, the South Korean prosecution recently conducted a seizure search on CELEBe Korea, the operator of the short video creation platform CELEBe and the issuer of the FANC token, due to allegations that the company's token FANC was listed on Bithumb and that Bithumb Holdings CEO Lee Sang-jun was involved in bribery of 5 billion won (approximately 37.7 million USD).

Among South Korean cryptocurrency exchanges, only Bithumb listed FANC in March of this year, and its price trend indicates that the token is suspected of market manipulation. (source link)