[Asia Economy Reporter Kim Hyung-min] The prosecution has detected embezzlement allegations against the largest shareholder and management of the virtual asset exchange Bithumb, leading to raids and seizures at related companies including InvioGen and Vidente.
According to the legal community on the 7th, the Financial Investigation Division 2 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Chae Hee-man) dispatched investigators to conduct raids and seizures at Bithumb-related companies such as InvioGen, Vidente, and Bucket Studio. Bithumb itself was reportedly excluded from this raid.
Vidente is a KOSDAQ-listed company and the single largest shareholder of Bithumb, holding 34.22% of Bithumb Holdings' shares. InvioGen is the largest shareholder of Vidente, and Bucket Studio is the largest shareholder of InvioGen. The CEOs of InvioGen and Bucket Studio are both Kang Ji-yeon, the sister of Kang Jong-hyun, who was recently rumored to be dating actress Park Min-young, but there are suspicions that Kang Jong-hyun is the actual owner.
Kang Ji-yeon, who also serves as an inside director of Bithumb Holdings, was the CEO of a company supplying mobile phone accessories until 2015, and in 2020, she reportedly acquired three KOSDAQ-listed companies?Vidente, InvioGen, and Bucket Studio?for 23 billion KRW.
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