South Korea Police Reportedly Raid Bithumb in Lawmaker Hiring Influence Probe

Cointelegraph Staff

(02:02 PM UTC)

1 min read

South Korean police have reportedly raided Bithumb as part of an investigation into alleged nepotism involving independent lawmaker Kim Byung-gi.

Kim allegedly attempted to influence employment opportunities for his son at multiple crypto firms, including Bithumb and Dunamu, the operator of rival exchange Upbit, according to a Monday report by News1.

Kim’s son joined Bithumb in January 2025 and…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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