The offices of BithumbOfficial were raided on Thursday as part of an investigation into price manipulation of a coin listed on the South Korean crypto exchange. By JamieCrawleyCD
Prosecutors are investigating transactions related to a specific person or entity moving the price of the coin to make a profit, they said. They plan to examine transaction details at other exchanges where the coin is listed, according to the report.
"This is a search and seizure to secure the transaction details of a specific coin, and it has nothing to do with Bithumb," an official for Seoul Southern District Prosecutor’s Office said., who are investigating tax evasion via domestic and international transactions on the exchange and its affiliates.were charged with embezzlement, breach of trust and fraudulent illegal transactions. Kang is alleged to have stolen company money and conspired to manipulate stock prices.
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