Kang Jong-Hyun is suspected of conspiring to manipulate the stock price of Bithumb affiliates and steal KRW 60 billion in company funds.
February 7, 2023Bithumb offices were raided last week. The crypto exchange is not accused of misconduct, though it is under a separate probe for possible tax evasion.
January 31, 2023Tax authorities raided Bithumb's headquarters in Seoul on Tuesday. Two of its former chairmen have also been the subject of separate probes.
January 12, 2023TerraForm Labs accuses Korean prosecutors of overreach. Luna Foundation Guard money allegedly transferred overseas.
October 2, 2022FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.
September 29, 2022Most of the funds involved in Woori and Shinhan's suspicious wire transfers came from five crypto exchanges and were not reported.
September 13, 2022Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra's collapse.
July 26, 2022Under a new system being proposed, crypto exchanges will coordinate to stop trading in tokens that become excessively volatile within 24 hours.
June 20, 2022Regulators also plan to launch a 'Digital Assets Committee' this month to bring additional safeguards and regulatory structure to Korea's crypto industry.
June 5, 2022The FSC says thirteen relevant bills on digital asset investor protection are currently pending at the National Assembly.
May 26, 2022