The post Crypto Exchanges Upbit & Bithumb Under Fire! South Korean Authority Investigates Following Ex-Lawmaker’s Crypto Scandal appeared first on Coinpedia Fintech News
In a significant development that is set to shake up the current crypto market sentiment, South Korean authorities have initiated an intense investigation into the country’s two largest cryptocurrency exchanges, Upbit and Bithumb. This action follows the recent revelation of a high-profile scandal involving a former lawmaker and his questionable cryptocurrency transfers.
Upbit And Bithumb Face Legal Scrutiny
South Korean legal authorities have conducted a thorough search of accounts at the country’s leading cryptocurrency exchanges, Upbit and Bithumb. This action pertains to transfers carried out by ex-lawmaker Kim Nam-kuk on Monday. In addition, Kakao’s messaging application also fell under scrutiny as Kim reportedly used its Klip cryptocurrency wallet for transactions, as reported by CoinDesk Korea.
Since
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