Korean Courts Seize Investor's Shares in Crypto Exchange Bithumb

Korean Courts Seize Investor's Shares in Crypto Exchange Bithumb

Korean regulators announced the seizure of the shares of crypto exchange Bithumb from a major investor earlier today amidst an ongoing case of the exchange allegedly defrauding its clients, as per local outlet Newsfreezone.

BK Chairman Kim Byung-Geon, who had been earlier sued in the process of failing to acquire Bithumb, had his holdings in the exchange seized. This came after a decision by Seoul Central District Court on September 14, the report said.

The seizure was completed today at the Bithumb Korea Office in Gangnam-gu, Seoul. It was overseen by accounting firm Samjong KPMG, which will additionally prepare a shortlist to...

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