{"id":73174,"date":"2023-01-27T15:42:38","date_gmt":"2023-01-27T13:42:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73174"},"modified":"2025-09-09T12:38:43","modified_gmt":"2025-09-09T09:38:43","slug":"south-korean-prosecutors-raid-bithumb-offices","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/south-korean-prosecutors-raid-bithumb-offices\/","title":{"rendered":"South Korean prosecutors raid Bithumb offices"},"content":{"rendered":"

On 26 January, the Seoul Southern District Prosecutors’ Office conducted searches at the offices of the cryptocurrency exchange Bithumb as part of an investigation into price manipulation of an unnamed coin. Yonhap<\/a> reports.<\/p>\n

According to the agency’s statement, they are examining transactions tied to a specific individual or legal entity that led to a price change in the asset for profit.<\/p>\n

Similar operations will also be checked at other exchanges where this cryptocurrency is traded.<\/p>\n

\n

“This is a search and seizure to protect the details of the transaction of a specific coin, and it has nothing to do with Bithumb,” a prosecutor’s office spokesperson said.<\/p>\n<\/blockquote>\n

At the same time, the National Tax Service of South Korea is investigating<\/a> possible violations of tax laws by Bithumb Korea, Bithumb Holdings and other affiliated entities. The agency is examining the firms’ internal and international transactions.<\/p>\n

Earlier Forklog reported that the Seoul Prosecutor’s Office issued an arrest warrant for the owner of Bithumb<\/a> Kan Jong-hen, suspected of embezzlement and manipulating the stock price of several affiliated firms.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 26 January, the Seoul Southern District Prosecutors’ Office conducted searches at the offices of the cryptocurrency exchange Bithumb as part of an investigation into price manipulation of an unnamed coin.<\/p>\n","protected":false},"author":1,"featured_media":73175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[973,1145,1472,974],"class_list":["post-73174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bithumb","tag-market-analysis","tag-search","tag-south-korea"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73174"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73174\/revisions"}],"predecessor-version":[{"id":73176,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73174\/revisions\/73176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73175"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}