Bithumb – certainly one of South Korea’s greatest crypto exchanges – remains within the public spotlight with questions regarding the firm’s possession structure raising concern nationwide.
Recently, the nation was rocked if this was says Kang Jong-hyun, the reclusive majority stakeholder of Bithumb, have been secretly getting an intimate relationship using the top-billing actress Park Min-youthful. Reporters also learned that Kang’s affiliates had bought Park’s talent agency – coupled with installed her older sister like a director in a openly listed firm he also owns.
Kang is apparently the “secret chairman” of Bithumb, crypto industry sources have claimed – and three from the other firms he owns were raided by prosecutors investigating these allegations earlier this year. Included in this are Vidente, a relevant video equipment-making firm that apparently owns a 34% stake in Bithumb.
However the exchange – and Kang particularly – might be set for a rocky ride because the week will get began. Among the nation’s top investigative journalism-based news shows – MBC’s “PD’s Notebook – is placed to air a chapter dedicated to Kang today, Newsen reported.
Its producers guaranteed further revelations and disclosed a few of the outcomes of their analysis. They alleged that Kang’s more youthful sister also seems to become a key player – as she’s listed as Vidente’s largest shareholder. The show’s makers also reported that at some point, Kang’s sister saved him from personal bankruptcy by “mobilizing $16 million.”
Kang’s sister can also be listed because the greatest shareholder of Inbiogen, another from the firms raided by prosecutors this month – and known through the press like a Bithumb “affiliate.”
Previous revelations have proven that Kang’s card lists him because the Chief executive officer of InBioGen.
More Scrutiny to follow along with for Bithumb
The Television show may also consider the fate of the botched $350 million 2018 takeover of Bithumb with a Singapore-based cosmetic surgery firm. BK Consortium decided to the offer in 2018, simply to default on payments in 2019. An expression launched through the same consortium also came debate when Bithumb made an appearance to renege on its intends to list the gold coin – departing countless investors up front.
Politicians may also wade in to the matter today, having a National Set up committee set to question domestic crypto sector players on Bithumb’s possession structure in a special session.
Numerous key industry players happen to be known as directly into face questions from MPs. They may also be requested to discuss their reaction to the Terra ecosystem crash of early May, Hanguk Kyungjae reported.
