Arrest Warrants Issued to Employees of South Korea Cryptocurrency Exchange

Written by:
Guest
Published on:
May/15/2018

Arrest warrants have reportedly been issued to three employees of a small South Korean cryptocurrency exchange, including its representative director. The three are “suspected [of] fraud and embezzlement,” according to local media.

“Three of the company’s executives, who operate virtual currency trading site HTS Coin, were arrested for [suspicion of] fraud and embezzlement,” Money Today wrote.

The Financial Investigation Division 2 of the South Korean Prosecutor’s Office “demanded a warrant for three employees, including…[the] CEO of HTS Coin,” Token Post detailed.

Read More at Bitcoin.com News Here

MORE CRYPTOCURRENCY NEWS

Bitcoin in Brief Tuesday: NY Regulator Approves Bitcoin Cash, Zcash and Litecoin Trading - The slow but steady growth in the limited trading options available to American investors on regulated exchanges is the main focus of today's edition of Bitcoin in Brief. Additionally covered are a surprise resignation, another ransomware attack, and much more. Also Read: Steve Eisman of ‘The Big Short’ Fame: What Value Does Cryptocurrency Actually Add? NYDFS Approves Expanded Crypto Portfolio New York State Department of Financial...Read more
 
Steve Eisman of ‘The Big Short’ Fame: What Value Does Cryptocurrency Actually Add? - Steve Eisman, the American investor best known for having shorted collateralized debt obligations before the 2008 financial crisis, doesn’t see what is the real value of cryptocurrency. He reportedly holds that the popularity of the phenomena comes down to only two factors, speculation and money laundering. Read More
- Aaron Goldstein, Gambling911.com

Business/Financial News

Online Bookies Need To Use 3 Privacy Tools to Keep Their Business Safe

Pay per head agents should understand the importance of privacy tools. Understanding how online bookie agents can protect themselves and keep their players anonymous will continue to grow. Check out the 3 tools to have at your disposable right here.

Coinbase Acquires Relay-Trading Platform Paradex

On Wednesday, May 23 U.S.-based cryptocurrency exchange firm Coinbase announced the acquisition of a decentralized digital token relay-trading platform Paradex for an undisclosed sum. 

NFL Commish Roger Goodell Details Stance on Legalized Sports Betting

NFL Commish Roger Goodell Details Stance on Legalized Sports Betting

NFL commissioner Roger Goodell says Congress should enact uniform standards for any states that plan to legislate sports betting.

Crypto Market Valuation Drops More Than 55 Percent Over Past Five Months

Crypto Market Valuation Drops More Than 55 Percent Over Past Five Months

A number of big investors say they are not concerned that the cryptocurrency market has lost 55% of its value over the past five months.  It was inevitable, they suggest.

As Bitcoin World Wobbles, Mining Rig Company Plans $2 billion IPO

As Bitcoin World Wobbles, Mining Rig Company Plans $2 billion IPO

Bitcoins are worth less than half of what they were in December. Mining them is 60 percent less profitable than it was in 2017. Even retailers of hobbyist mining rigs say they are seeing fewer customers.

Syndicate