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Top executive of company closely linked to Bithumb exchange, which is Bithumb’s biggest shareholder, was found dead near his house
According to multiple sources, person named Mr. Park’s body, who was a vice president of Vidente Co, a company closely related to the major South Korean exchange Bithumb and its largest shareholder, was found in front of his house. The police believe it was suicide as he had jumped out of a window and got himself killed on Friday morning by the local time.
According to Money Today, the vice president of Vidente, the largest shareholder of South Korean cryptocurrency exchange Bithumb, committed suicide by jumping off a building while being investigated by South Korean prosecutors, suspected of corruption and price manipulation.
— Wu Blockchain (@WuBlockchain) December 30, 2022
Park did this in the middle of an investigation regarding his role in embezzlement and manipulation of Bithumb’ share price on the stock market, in which also the head of the firm’s parent company is believed to be involved.
The investigation is also taking place regarding several top executives of a related Inbiogen company who holds a major stock of shared of Vidente. As a source reports, Park worked for them and did the accounting part. It has also been alleged that those siblings – executives had shuffled all the blame on Park.
Now, the Park case is expected to be closed upon his death.
As reported by U.Today earlier this year, in the fall the de-facto owner of Bithumb exchange Lee Jung-hoon was accused of a fraud involving approximately 100 billion won ($70 million). The prosecutors sought a sentence of eight years in prison for him.
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