• Police Raided Korean Crypto Exchange Bithumb, Says Report

    South Korea’s largest crypto exchange has reportedly been accused of fraud for pre-selling its BXA tokens and never listing them.

    The Seoul Metropolitan Police Agency’s Crime Investigation Unit has seized and searched the largest South Korean cryptocurrency exchange Bithumb in a fraud investigation today, local newspaper Seoul Shinmun reported.

    According to the publication, Lee Jung Hoon, the chairman of Bithumb Holdings and Bithumb Korea, was also arrested today after being previously investigated for trying to transfer some of his assets abroad without reporting it.