Cryptocurrency Analysis and News Portal
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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Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30. Prior to his death, Mr. Mo had been named as a primary suspect in an investigation launched
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Nexo has issued a public cease and desist order to a Twitter account run by someone with the handle 'Otter.' Source
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South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month. Original Source
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The drama in the crypto mining arena just got a lot more intense and interesting as the founder of Bitmain’s top rival firm MicroBT is currently still in the Chinese police custody.The suspect, who was reportedly nabbed by the police at the end of October this year, happens to be
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Yang Zuoxing, formerly a top chip designer for mining hardware giant Bitmain, has allegedly been arrested on suspicion of embezzlement. A Dec. 16 Bloomberg report cites three unnamed sources and a police statement released by prosecutors in Beijing’s Nanshan district on Dec. 12, as evidence for the claim. The authorities’ statement
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Caixin said in the report, citing people familiar with the case, that the person arrested is indeed the founder and CEO of MicroBT, which manufactures the WhatsMiner bitcoin mining equipment with about 40 percent of the market share. The alleged embezzlement amount is 100,000 yuan, or about $15,000, the report
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The US Attorney’s Office at the Central District of California recently released the details of an ongoing case involving a renowned poker lord who has stolen from his employer for risky personal cryptocurrency investments.The 30 years old poker player, Dennis Blieden, who worked for StyleHaul Inc. – a digital marketing
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