Reporters Dig Deeper into Crypto Exchange Bithumb’s Mysterious Ownership Story
Source: mehaniq41/Adobe Bithumb – one of South Korea’s biggest crypto exchanges – remains in the public spotlight with questions about the firm&rsquo ;s ownership structure raising concern across the nation. Last month, the country was rocked when it was revealed that Kang Jong-hyun, the reclusive majority stakeholder of Bithumb, had been secretly having a romantic relationship with the top-billing actress Park Min-young. Reporters also discovered that Kang’s affiliates had bought Park’s talent agency – and had installed her older sister as a director at a publicly listed firm that he also owns. Kang is reportedly the “secret chairman” of Bithumb, crypto industry sources have claimed &ndash ; and three of the other firms he owns were raided by prosecutors investigating these allegations earlier this month. These include Vidente, a video equipment-making firm that reportedly owns a 34% stake in Bithumb. Bith...