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Update March 20, 10:50 am UTC: This article has been updated to add a Wu Blockchain report on Bithumb listings, claiming that multiple crypto projects paid intermediary fees to have their tokens listed. South Korean prosecutors...

South Korean prosecutors raided crypto exchange Bithumb following suspicions that its former CEO embezzled funds to purchase an apartment. On March 20, Seoul’s Southern District Prosecutors Office reportedly searched Bithumbs...

Update March 20, 10:50 am UTC: This article has been updated to add a Wu Blockchain report on Bithumb listings, claiming that multiple crypto projects paid intermediary fees to have their tokens listed. South Korean prosecutors...

Update March 20, 10:50 am UTC: This article has been updated to add a Wu Blockchain report on Bithumb listings, claiming that multiple crypto projects paid intermediary fees to have their tokens listed. South Korean prosecutors...

Update March 20, 10:50 am UTC: This article has been updated to add a Wu Blockchain report on Bithumb listings, claiming that multiple crypto projects paid intermediary fees to have their tokens listed. South Korean prosecutors...

Update March 20, 10:50 am UTC: This article has been updated to add a Wu Blockchain report on Bithumb listings, claiming that multiple crypto projects paid intermediary fees to have their tokens listed. South Korean prosecutors...

Update March 20, 10:50 am UTC: This article has been updated to add a Wu Blockchain report on Bithumb listings, claiming that multiple crypto projects paid intermediary fees to have their tokens listed. South Korean prosecutors...

Update March 20, 10:50 am UTC: This article has been updated to add a Wu Blockchain report on Bithumb listings, claiming that multiple crypto projects paid intermediary fees to have their tokens listed. South Korean prosecutors...

Update March 20, 10:50 am UTC: This article has been updated to add a Wu Blockchain report on Bithumb listings, claiming that multiple crypto projects paid intermediary fees to have their tokens listed. South Korean prosecutors...

As per Yonhap’s report, Shin claimed that he had cooperated with the investigation. He is also being charged with the violation of the Electronic Financial Transaction Act. After months of back and forth with Terra poster boy Do Kwon, prosecutors in...