Bithumb CEO Investigated for Bribe in Exchange for False Listings

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South Korean law enforcement investigates Bithumb CEO over alleged bribery for listings.
Coinone also faces similar allegations against a former employee.
Other South Korean exchanges, including Korbit, Gopax, and Upbit, are under investigation for illegal listings.

Law enforcement officials in South Korea are currently conducting an investigation into Lee Sang-jun, the CEO of Bithumb, over allegations that he accepted bribes in exchange for listing digital currencies on the platform, as per sources.

The Seoul Southern District Prosecutors’ Office has confirmed that they are investigating Lee Sang-jun, CEO of Bithumb, but have not provided any further details regarding the scope of the investigation. This follows a police raid on both Lee’s private residence and Bithumb’s office complex, which aimed to gather incriminating evidence.

Apart from Bithumb, Coinone, another South Korean exchange, is also being investigated over similar allegations against a former employee who reportedly accepted bribes to list certain tokens on the platform. The prosecution has not revealed the identity of the ex-employee, citing South Korean privacy laws.

Moreover, Chosun …

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