The Seoul Metropolitan Police Agency summoned Bithumb chairman Lee Jung-hoon for questioning. According to Yonhap, he is under investigation in a fraud case.
According to police, Lee organized a pre-sale of the native Bithumb token BXA that never made it to listing. The estimated investor loss was about 30 billion won (~$25 million).
The second charge relates to the exchange chairman’s overseas property. Authorities allege that Lee Jung-hoon evaded taxes.
The case mentions Bithumb Korea director Kim Ben-gen. He is not yet under investigation, but during the third search of the exchange’s offices, the police seized his shares in Bithumb Holdings.
Earlier, the first raid at the company’s headquarters took place on September 2. A few days later, the raid was repeated at the offices of Bithumb Holdings, the parent company of Bithumb. The police were seeking additional evidence related to the charges against Lee Jung-hoon.
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