The South Korean prosecution has launched a forced search on Bithumb, and the former CEO of Bithumb is suspected of embezzling company funds to purchase a personal apartment

2025-03-20 17:05:10

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ChainCatcher news, according to South Korean media reports, the South Korean prosecution has launched a forced search against the cryptocurrency trading platform Bithumb, which is suspected of providing company funds to purchase an apartment for its former representative director.

The Southern District Prosecutors' Office of Seoul conducted a seizure search today at Bithumb's headquarters located in the Yaksu-dong area of Seoul. It is reported that Bithumb provided a rental deposit of 3 billion won for an apartment in Seongdong-gu to its former representative director and current advisor Kim Dae-sik, part of which is suspected to have been used by Advisor Kim for personal apartment purchases.

The Financial Supervisory Service has initiated an investigation into the related allegations and has recently transferred the case to the prosecution.

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