Details emerged in the crypto operation, which was also a suicide attempt

Details began to emerge in the Bithumb operation launched by prosecutors in South Korea yesterday. The Bithumb exchange was alleged to have manipulated and scammed two cryptocurrencies, GoMoney2 and Pixel Coin, while the exchange executives were separately charged with embezzlement and price tampering.

May also splash to Coinone and Upbit

While the token GoMoney2 continues to be traded on Bithumb, Pixel Coin, which was also discussed in other manipulation cases before, was never listed. According to local media’s Yonhap report, the prosecutors’ investigation may also spread to Coinone and Upbit exchanges. These two exchanges excluded Pixel on the grounds that they did not comply with certain conditions.

Subcompany confusion and suicide attempt…

Before the investigation, the Seoul District Prosecutor’s Office had issued an arrest warrant for Kang Jong-Hyun, who was the chairman of Bithumb’s board, and Kang Ji-yeon, his sister. Sister Kang Ji-yeon is the CEO of two Bithumb subsidiaries. Vidente, a sub-company of one of these companies, is also the largest shareholder of Bithumb. Here, Vidente’s vice chairman of the board of directors had attempted suicide after these investigations yesterday. Details on the matter are still unknown.

Another executive found dead

Bithumb, which is seen as the second largest stock exchange in South Korea after Upbit, ended 2022 with many events. Lee Jung-Hoon, another executive of the stock market, who was tried for alleged fraud of $ 70 million, was found not guilty by the court earlier this month.

Just one week before the court decision was announced, Park Mo, the largest shareholder at the time, had committed suicide by jumping from the window of his house and died. Park Mo was also charged by prosecutors with allegations of embezzlement.