Bribery Investigation Opened to Bithumb Managers!

South Korean cryptocurrency exchange bithumb once again came to the fore with investigations. According to local media, many top executives working in the stock market face bribery charges.

The Seoul District Attorney’s Office announced on Friday that it has launched an investigation against Bithumb executives. Allegedly, executives made an implicit financial agreement for an altcoin to be listed on the platform.

While it was not disclosed what the cryptocurrency in question was, law enforcement officers raided the home and corporate offices of Bithumb chief executive Lee Sang-jun.

Bithumb Is Not Getting Out of Trouble!

There have been long-standing accusations against Bithumb, which operates in the East Asian country. The previous Bithumb chief executive Lee Jung-hoon was indicted for fraud in October. However, the ex-CEO was acquitted.

Speaking to the press, a former Bithumb executive stated that the exchange has been making very aggressive altcoin listings lately and is awaiting this investigation.

Prosecutors also took action for Coinone, another trading platform operating in the country.

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