South Korea: Crypto Exchanges Probed Over Alleged Embezzlement

Updated: 11 August 2021

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Seoul prosecutors carried out a three-day raid to the offices of three cryptocurrency exchanges on suspicious that their personnel had embezzled customer funds. According to a report by Digital Chosun, the prosecutors suspect that executives and staff withdrew money from customers’ accounts to the own and then used the funds to buy cryptocurrencies on other […]

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Diana Ngo

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South Korea: Crypto Exchanges Probed Over Alleged Embezzlement

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