South Korea Detains Cryptocurrency Executives Over Alleged Embezzlement
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South Korea Detains Cryptocurrency Executives Over Alleged Embezzlement
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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