South Korean police seize Bithumb shares in third raid this month

Cointelegraph

Published Sep 16, 2020 08:33AM ET

Updated Sep 16, 2020 10:20AM ET

South Korea’s largest cryptocurrency exchange Bithumb has been raided by the Seoul Metropolitan Police for the third time this month, according to a report in a local media outlet.

During the Sep. 16 raid, police reportedly seized a number of shares in Bithumb Holdings belonging to Bithumb Korea Director Kim Byung-Geon. The seizure action was granted by the Seoul Central District Court on Sep. 14.

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