Authorities in South Korea issued an arrest warrant for Bang as part of an investigation into two cryptocurrency companies.
Cryptocurrency lender Delio in Korea, citing crypto investment company Haru, closed the platform in June 2023. withdrawal transactions He had stopped it.
According to local news sources, Bang owns majority shares of a company called B&S Holdings. According to Haru Invest’s claim, the main reason for the suspension of withdrawal transactions is due to B&S Holdings company.
Bang’s full name was not shared due to individual privacy laws.
Delio as a cryptocurrency lender before suspending withdrawals Transaction volume of more than 1 billion dollars He claimed that it was.
On the same day that the company stopped withdrawals, Haru filed a complaint against B&S Holdings for misleading the company. According to Haru, B&S Holdings 350 billion won (7.9 billion lira) when cryptocurrency exchange FTX collapsed experienced loss.
According to local sources, authorities in South Korea, fraud and breach of trust issued an arrest warrant for Bang because he was suspected of crimes.