- The Vice President of a Bithumb-linked company was found dead in Seoul.
- This was after an investigation had been launched against him for embezzlement and stock price manipulation.
- Increased number of fatalities that have occurred in the cryptocurrency community has surged.
On Friday, the house of an executive, Mr. Park Mo, who worked for a firm that was intimately affiliated with the cryptocurrency exchange Bithumb was where he was discovered dead. This took place during the course of an investigation by the prosecution into allegations of stock market manipulation and theft involving the chief executive officer of the firm’s parent business.
After having reasons to suspect that Park and his accomplice had accumulated illegal profits as a result of the deceptive conduct, the prosecutors began their investigations in the month of October.
According to the allegations, Park oversaw the accounting processes at Bithumb while serving in his role as Vice President of Vident. He served in this capacity while operating under the direction of the sister and brother of Mr. Kang Ji-yeon, who presented themselves as the leaders of the cryptocurrency exchange. Reportedly, these people plotted with Park to issue convertible bonds, which resulted in the establishment of slush funds and the accumulation of illegal gains.
There has been a noteworthy increase in the number of fatalities that have occurred inside the cryptocurrency community over the course of the previous three months.
CNL provided specific information on a chat on discord that was published online. This was about the passing of one of the original creators of the NFT project as the piece was being minted, and how the project as a whole was put up for sale.
In another case, Tiantian Kullander, popularly known as “TT,” passed away suddenly while he was asleep on November 23. He was a co-founder of the Amber Group. Additionally. he was just 30 years old and left his wife and children.
Read Also :
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
