Alleged Bithumb Owner Arrested for Embezzling $50 Million

Bithumb’s former Chairman Kang Jong-hyun was arrested earlier today by South Korean law enforcement on charges related to market manipulation and embezzlement, among other things. The arrest came a week after prosecutors asked the Seoul Southern District Court to issue a warrant for the same. According to a report by a local media outlet, Kang The post Alleged Bithumb Owner Arrested for Embezzling $50 Million appeared first on Coin Edition .