The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local
A week prior to the acquittal, on Dec. 30 the largest shareholder and executive of Bithumb was found dead. Mr. Park Mo was under investigation for embezzlement and stock price manipulation by local authorities.
Park Mo was the latest in a slew of crypto billionaires who died within a month of each other. The others included Nikolai Mushegian the co-founder of MakerDAO and Amber Group co-founder Tiantian Kullander, among others. Crypto skeptics online have pointed to the timing around the fall of FTX.
Regulators around the world have been keeping a close watch on the crypto industry in light of the turmoil which has since plagued the space.
