Kang Jong-Hyun

A South Korean businessman named Kang Jong-Hyun, who is reported to have control over the Bithumb cryptocurrency exchange, has been arrested on charges of fraud, embezzlement, and breach of trust, according to CoinDesk Korea. The arrest comes as part of an ongoing investigation into the actions of...

Offices of South Korean cryptocurrency exchange Bithumb were searched by law enforcement officials on Thursday, as part of an ongoing investigation into potential price manipulation of a specific coin listed on the platform. The coin in question had not been publicly identified yet, according...