The vice president of Vident, the biggest shareholder in the cryptocurrency exchange “Bithumb,” has been discovered dead. The prosecution was looking into allegations that the executive had stolen money from Bithumb affiliates. The local media reported this.
In Dongjak-gu, Seoul, Park Mo was found dead in front of his house. According to Seoul Dongjak Police Station, it happened on the morning of the 30th, at around four in the morning. However, police think Park made an extreme choice.
The Police official said,
“Through optometric and CCTV analysis at the site, there is no other possibility so far.”
Bithumb’s Shareholder was under investigation
The prosecution was looking into Park on allegations of embezzlement and stock price manipulation. With a 34.22% stake in Bithumb Holdings, Vident, a KOSDAQ-listed company, is Bithumb’s largest shareholder.
According to rumors, Mr. Park manages the accounting for brother and sister Mr. Kang, who was thought to be the real owner of Bithumb. Prior to this, on October 7, related businesses like Vident were searched and assets were seized. However, it was done by the Financial Investigation Division 2 of the Seoul South District Prosecutor’s Office (Chief Prosecutor Chae Hee-man).
When an economic disaster occurs, people immediately want to know how much money was lost. The economic effects of the tragedy are almost exclusively covered in the media. While doing so, they ignore the true effects that these economic catastrophes have on the lives of regular people.
The Man in Taiwan
Taiwanese law enforcement discovered a man dead on the streets outside his apartment right after the Luna crash. He had jumped out of his window to end his life.
Due to his cryptocurrency losses, an Indian man by the name of Ramalingaswamy decided to take the extreme step of suicide. The man reserved a hotel room, locked the door, and then ate poison.
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