Korean prosecutors believe the transfer may suggest Do Kwon was aware of Terra's impending collapse and was seeking to pre-empt the legal repercussions.
April 18, 2023The son of a former prime minister was sentenced to 10 years in jail. Malaysia financier Jho Low was also sentenced in absentia.
March 31, 2023A Bithumb executive, former Coinone employee, and other crypto exchanges are said to have illegally listed crypto tokens on their platforms.
March 22, 2023A lack of internal controls and oversight allowed the SPAC's CFO to misappropriate cash and falsify financial reports for over a year.
February 28, 2023Kang 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, 2023New guidelines require the use of biometric authentication systems to prevent password sharing among managers and employees.
January 18, 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, 2023The FSS produced the guidance by analysing three years of cases where fraud and embezzlement were detected by external auditors.
January 9, 2023The former CFO embezzled money from a SPAC to pay for personal expenses and trade in meme stocks and crypto assets. He also incorporated two other SPACs to conceal his theft.
January 6, 2023