VP of Bithumb-Linked Firm Discovered Lifeless in Seoul: Report

The Vice President of Vidente, known as Mr. Park, was discovered useless in entrance of his home in southern Seoul.

Vidente occurs to be the most important shareholder of Bithumb Holdings Co., the agency behind the South Korean crypto alternate Bithumb.

• Based on native information reviews, Park was beneath investigation on prices of embezzlement and manipulation of inventory value. The exec was additionally rumored to have been overseeing accounting for Kang Ji-Yeon and her brother Kang Jong-Hyun when he was serving because the Vice President of Vidente.
• For context, Ji-Yeon is the pinnacle of the kiosk provider Inbiogen, which holds the most important share in Vidente and the duo was additionally beneath investigation.
• Suspicions surrounding the Kang siblings framing Park for the wrongdoings have additionally emerged following his mysterious demise.
• Authorities are at the moment investigating a number of high executives of Inbiogen, a KOSDAQ-listed firm.
• Vidente revealed discussing a possible sale of its stakes in Bithumb Korea and Bithumb Holdings to the now-defunct FTX earlier this summer season.
• The previous CEO Sam Bankman-Fried was reportedly in superior talks to purchase the South Korean crypto alternate.
• Bithumb is a part of the nation’s largest crypto alternate group – DAXA – which made it becoming for FTX to strategy contemplating its plans to enter the Korean digital asset market.
• A regulatory submitting reveals that Vidente owns 34.2% of Bithumb Holdings and 10.22% of Bithumb Korea as of March 31.