Crypto Exchange Execs In South Korea Arrested Over Alleged Embezzlement

Crime, News | April 6, 2018 By:

South Korean police have arrested four executives from two domestic cryptocurrency exchanges for allegedly embezzling funds belonging to customers.

According to police officials, Kim Ik-hwan, co-founder and CEO of cryptocurrency exchange Coinnest, and the other three suspects were detained on Thursday. The identities of the other executives and the other exchange have not been made public.