A senior executive at a business closely linked to the cryptocurrency exchange Bithumb was discovered dead.
The largest stakeholder in the bitcoin exchange “Bithumb,” Vident, whose vice president was found deceased, has passed away. Allegations that the CEO had stolen money from Bithumb affiliates were being investigated by the prosecution.
This was covered by the local media, Park Mo was discovered dead in front of his home in Dongjak-gu, Seoul. It occurred on the morning of the 30th, about four in the morning, according to Seoul Dongjak Police Station. Police believe Park made a radical decision, nevertheless. An officer of the police said,
“Through optometric and CCTV analysis at the site, there is no other possibility so far.”
The shareholder of Bithumb was being looked at.Park was being investigated by the prosecution for allegedly embezzling money and manipulating stock prices.
The largest stakeholder in Bithumb Holdings is Vident, a KOSDAQ-listed business that holds a 34.22% stake in the company. Rumor has it that Mr. Park oversees the accounting for Mr. Kang, brother and sister who were supposed to be the true owners of Bithumb.
Prior to this, assets were confiscated and linked businesses like Vident were searched on October 7. However, the Financial Investigation Division 2 of the Seoul South District Prosecutor’s Office carried it out (Chief Prosecutor Chae Hee-man).
DEATH TOLL
People quickly want to know how much money was lost after an economic catastrophe. Media coverage of the catastrophe nearly primarily focuses on its economic implications. While doing so, they fail to take into account the real impacts that these economic crises have on everyday people.
After the Luna crash, Taiwanese law enforcement officers found a man dead on the streets in front of his residence. To end his life, he leaped out of his window. Also an Indian man named Ramalingaswamy decided to commit suicide as a result of his cryptocurrency losses. He booked a hotel room, shut the door, and then consumed poison.
