Bithumb’s largest shareholder executive found dead following allegations of embezzlement
Mr. Park Mo, the vice chairman of Vidente, the most important shareholder of South Korean Cryptocurrency change Bithumb,was reportedly discovered lifeless in entrance of his residence at 4 am, on the morning of Dec. 30.
Previous to his loss of life, Mr. Mo had been named as a major suspect in an investigation launched by South Korean prosecutors for his alleged involvement within the embezzling funds at Bithumb-related firms, in addition to, manipulating inventory costs.
In October 2021, the Monetary Investigation Division of the Seoul Southern District Prosecutor’s Workplace launched an investigation into allegations made in opposition to Mr. Park Mo, which led to the seizing of Bithumb-affiliated firms similar to Vident, Inbiogen, and Bucket Studio.
Vident, a KOSDAQ-listed firm, is thought to be Bithumb’s largest shareholder and holds a 34.22% stake within the cryptocurrency change.
Based on Cash Immediately, the vice chairman of Vidente, the most important shareholder of South Korean cryptocurrency change Bithumb, dedicated suicide by leaping off a constructing whereas being investigated by South Korean prosecutors, suspected of corruption and value manipulation.
— Wu Blockchain (@WuBlockchain) December 30, 2022
It’s suspected that Mr. Mo could have taken his personal life because of the nature of the felony allegations that had been introduced in opposition to him.
Associated: Amber Group’s co-founder Tiantian Kullander passes away at 30
Throughout the previous three months, the variety of deaths inside the cryptocurrency group has been notable.
On Nov 1, Cointelegraph reported that Nikolai Mushegian, the co-founder of the cryptocurrency lending platform MakerDAO and the decentralized Dai (DAI) stablecoin, was discovered lifeless in Puerto Rico on the age of 29.
On Nov. 23, Amber Group’s co-founder Tiantian Kullander, often known as “TT,” unexpectedly handed away in his sleep on the age of 30, abandoning a spouse and son.
The Russian billionaire Vyacheslav Taran, president of Libertex Group and founding father of Foreign exchange Membership, additionally died on Nov. 25 in a helicopter crash in France whereas en route from Lausanne, Switzerland to Monaco. He was 53 years outdated.
