South Korea Seizes Three Crypto Exchanges, Alleges ‎Embezzlement ‎

[kreslik.news]

‎South Korea’s regulator said on Wednesday that it has taken control of three ‎cryptocurrency ‎exchanges, and that the venues’ officials have been ‎prosecuted for alleged “embezzlement ‎crimes‏.”‏

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According to local media, the move is aimed at protecting consumer interests against ‎the ‎exchange’s unlawful practices. In other words, the action is not ‘directly’ related to the ‎government’s recent ‎crackdown to rein in the booming and volatile cryptocurrency sector.‎

Local outlet Yonhap quoted an official as saying one of the ‎suspected exchanges is charged ‎with transferring the virtual assets‎ of a cryptocurrency ... (read more)