The ongoing investigation over alleged fraud involving Bithumb’ senior executives along with its board members continues as the company’s chairman has reportedly been summoned for further interrogation.
The Seoul Metropolitan Police Agency is purportedly seeking to question Lee Jung-hoon, chairman of the board at Bithumb Korea and Bithumb Holdings, consistent with a recent official report by the native reporting agency ‘Yonhap’.
According to the reporting media, Lee is allegedly accused of several frauds & embezzlement offenses regarding the failed listing of the BXA token. The purported fraud caused investor damages of over $25 Mln, the report adds. The police are also actively reportedly looking forward to questioning Lee over alleged embezzlement of investors’ funds in overseas property purchases or offshore investments.
In line with Yonhap, Kim Byung-gun, another chairman at Bithumb, is accused of being involved within the BXA fraud alongside Lee. However, the police haven’t yet initiated an investigation against Kim for now.
This latest news comes shortly after Seoul police reportedly seized several of shares in Bithumb Holdings belonging to Lee. The exec reportedly did not acquire Bithumb and has been sued within the process.
As reported earlier, the native police conducted two raids on Bithumb’s offices in link to the alleged token listing fraud earlier in September.