South Korea Detains Cryptocurrency Executives Over Alleged Embezzlement

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South Korea Detains Cryptocurrency Executives Over Alleged Embezzlement

Postby kreslik.news » Wed Apr 04, 2018 10:50 am


South Korean authorities on Thursday detained multiple top-level employees from two of the country’s largest cryptocurrency exchanges over allegations of the embezzlement of assets, according to a report by Maeil Business Newspaper.

According to the report, Coinnest’s co-founder Kim Yik-hwan is among the arrested, along with three unidentified executives.

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The move has created a stir in the Korean cryptocurrency community, as this the first time employees of a local cryptocurrency business have been detained.

As per the allegations made by the prosecutors, the men were ... (read more)

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