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In addition to this arrest, South Korea’s National Tax Service had also opened a separate investigation into the possible tax evasion at Bithumb and its affiliates.On Thursday, February 2, Kang Jong-Hyun, the former chairman of South Korea-based crypto exchange Bithumb was arrested on charges of embezzlement, fraudulent illegal transactions, and
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South Korean prosecutors had sought the arrest of Jong-Hyun last week along with two other executives – including his younger sister, Kang Ji-Yeon, the CEO of two publicly traded Bithumb affiliates, Inbiogen and Bucket Studio, according to local reports. Source
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The suspected real owner of South Korea’s largest crypto exchange Bithumb has been arrested on alleged embezzlement charges on Feb. 2 local time.According to local media reports, Kang Jong-hyun was arrested on charges of alleged embezzlement. The Seoul Southern District Court issued an arrest warrant for the businessman on Jan.
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European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the
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Europol has steepened its grasp on troubled exchange Bitzlato with the seizure of substantial crypto assets.The European Union Agency for Law Enforcement Cooperation (Europol) recently took another significant step in enforcement actions against Bitzlato. According to Europol, a recent sting operation across Europe and the US resulted in the seizure of
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The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The defendant has been arrested and is currently detained in Puerto Rico. Mango Markets Manipulator Arrested, Detained The
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Bitcoin fell 2% to trade at the $20,700 level, while ether was trading down 3% to the $1,530 level. Equities closed down. Source
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Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a collective $8.4 million – have been arrested and charged with fraud for their role in the alleged grift. Source
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The developer of a Mutant Ape Yacht Club knock-off collection — Mutant Ape Planet — has been arrested in New York, charged with allegedly “defrauding” investors of $2.9 million in a "rug pull scheme."The arrest took place on Jan. 4 at the John F. International Airport in New York, with
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“It’s alleged that Michel defrauded investors by making false representations of, amongst other things, giveaways, tokens with staking features, and merchandise collections,” wrote Thomas Fattorusso, Acting Special Agent-in-Charge with the Internal Revenue Service (IRS)’s Criminal Investigation team. Original Source
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