Korean Prosecutors Conduct Raids on Cryptocurrency Exchange Coinone and Related Suspects' Residences

Deep News
09/30

According to reports, the Virtual Asset Crime Joint Investigation Unit of the Seoul Southern District Prosecutors Office conducted surprise raids on the headquarters of cryptocurrency exchange Coinone and residences of related suspects. The operation was triggered by allegations from the Financial Supervisory Service that Coinone's former representative misappropriated 27 billion Korean won in funds to a holding company without collateral, involving suspected professional misconduct.

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