The vice president of the largest shareholder of the Bithumb exchange committed suicide

Vice President of Vidente, the largest shareholder of the South Korean cryptocurrency exchange Bithumb, Park Mo was found dead near his house on December 30. Shortly before this, Park Mo (Park Mo) was named the main suspect in the case of embezzlement of funds in companies associated with the crypto exchange.. South Korean prosecutors also accused him of manipulating stock prices.. The Seoul prosecutor's office suggests that Mo committed suicide because of the threat to his term. In 2021, the Financial Investigation Department of the Seoul Southern District Prosecutor's Office arrested Mo. Vident owns about 35% of the shares of the cryptocurrency exchange, which makes it the main shareholder of the company. It is speculated that Mo may have committed suicide due to the gravity of the charges against him. Recall that in October, South Korean prosecutors accused the former chairman of the board of directors of Bithumb, Lee Jung-hoon (Lee Jung-hoon) of fraud and demanded eight years in prison for him – he was accused of defrauding investors in the amount of more than $70 million. siblings of Kang's secret chairman, whose family was believed to be the real owners of Bithumb. It is assumed that after the investigation began, the brother and sister put all the blame on Mo. In August, a South Korean appeals court ruled that Bithumb would have to pay damages to 190 customers ranging from $6,000 to $7,400 each.. In the summer, the FTX exchange was eyeing the purchase of Bithumb.