Bithumb raided over former CEO’s $2M apartment purchase, report

The raid follows an investigation into a former Bithumb CEO who allegedly misused $2 million of company money to purchase an apartment.
The raid follows an investigation into a former Bithumb CEO who allegedly misused $2 million of company money to purchase an apartment.
Bitcoin and XRP fell 33% and 56% respectively after South Korea’s President Yoon Suk Yeol declared martial law for the first time since 1979.
If XRP can’t hold onto its gains, it could provide even more disappointment to South Koreans still stinging from LUNA’s 2022 collapse.
Amid concerns of Russia-backed hacks from North Korea, the US and South Korea have said their treaty includes cyber threats.
Right-wing newspaper Chosun Ilbo has been accused of knowingly covering and awarding the KOK crypto scam back in 2022.