Vice-President of Bithumb's Largest Shareholder found dead
According to local South Korean news outlets, the Vice President of Vidente Co. (surname Park) was found dead in front of his house in southern Seoul. The firm is the biggest shareholder of Bithumb Holdings Co., which controls the crypto exchange Bithumb . Before his death, Park was under investigation on charges of embezzlement and stock price manipulation. Allegedly, Park oversaw accounting for Kang Ji-Yeon and her brother Kang Jong-Hyun when he was the Vice President of Vidente. Ji-Yeon is the head of the kiosk supplier Inbiogen, which holds the largest share in Vidente. There are allegations that the Kang siblings framed Park for embezzlement and share price manipulation. There are several reasons for suspicion surrounding the Kang siblings. These include their alleged involvement in shady stock market manipulation, the issuance of convertible bonds, and the creation of slush funds through the theft of funds from businesses operating under false identities....