The prosecution has launched a forced investigation into the cryptocurrency exchange Bithumb, which is suspected of providing funds for the purchase of an apartment by the former CEO.
The Seoul Southern District Prosecutors' Office's Joint Investigation Unit on Virtual Asset Crimes (Chief Prosecutor Park Geon-wook) announced on the 20th that it conducted a search and seizure at Bithumb's headquarters in Yeoksam-dong, Gangnam-gu, Seoul.
According to the Financial Supervisory Service, Bithumb is suspected of providing personal apartment purchase funds to Kim Dae-sik, the initial CEO and advisor. In June 2021, Bithumb supported Kim with a 3 billion KRW deposit for a jeonse lease on an apartment in Seongsu-dong, Seoul, and in June 2023, it provided an additional 800 million KRW. In August 2023, Kim reportedly used part of the jeonse support funds as purchase money when acquiring an apartment in Banpo-dong, Seocho-gu.
The Financial Supervisory Service initiated an investigation into the allegations and recently handed the case over to the prosecution.
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