Reporters Dig Deeper into Crypto Exchange Bithumb’s Mysterious Ownership Story

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Reporters Dig Deeper into Crypto Exchange Bithumb’s Mysterious Ownership Story
Source: mehaniq41/Adobe

Bithumb – one in every of South Korea’s largest crypto exchanges – stays within the public highlight with questions in regards to the agency’s possession construction elevating concern throughout the nation. 

Last month, the nation was rocked when it was revealed that Kang Jong-hyun, the reclusive majority stakeholder of Bithumb, had been secretly having a romantic relationship with the top-billing actress Park Min-young. Reporters additionally found that Kang’s associates had purchased Park’s expertise company – and had put in her older sister as a director at a publicly listed agency that he additionally owns.

Kang is reportedly the “secret chairman” of Bithumb, crypto trade sources have claimed – and three of the opposite companies he owns have been raided by prosecutors investigating these allegations earlier this month. These embrace Vidente, a video equipment-making agency that reportedly owns a 34% stake in Bithumb. 

Reporters Dig Deeper into Crypto Exchange Bithumbs Mysterious Ownership Story
Bithumb 7-day buying and selling volumes. (Source: CoinGecko)

But the change – and Kang specifically – could possibly be in for a rocky journey because the week will get began. One of the nation’s prime investigative journalism-based information exhibits – MBC’s “PD’s Notebook – is set to air an episode devoted to Kang this evening, Newsen reported. 

Its producers promised further revelations, and disclosed some of the results of their investigation. They alleged that Kang’s younger sister also appears to be a key player – as she is listed as Vidente’s largest shareholder. The show’s makers also reported that at one point, Kang’s sister saved him from bankruptcy by “mobilizing $16 million.”

Kang’s sister can be listed as the largest shareholder of Inbiogen, one other of the companies raided by prosecutors this month – and referred to by the press as a Bithumb “affiliate.” 

Previous revelations have proven that Kang’s enterprise card lists him because the CEO of Inbiogen. 

Compiled by Coinbold

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