Cryptocurrency exchanges Upbit and Bithumb were raided on Monday as part of an investigation into a politician who held $4.5M wemix coins.
According to a former Bithumb executive, the exchange has been aggressively listing shady kimchi coins “for a while.”
The fraud trial of former Bithumb exec Lee Jung-hoon has come to an end, with prosecutors requesting an eight year sentence on Tuesday.
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