Published on May 15th, 2018 | by bitcoin0
Employees of South Korean Crypto Exchange Arrest Warrants Issued
Arrest warrants have reportedly been issued to three employees of a small South Korean cryptocurrency exchange, including its representative director.
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Arrest Warrants for Crypto Exchange’s Employees
On Monday, local media reported that arrest warrants have been issued to employees of a South Korean cryptocurrency exchange.
“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, adding that the other two employees are a program developer and a system operations manager.
Money Today emphasized, “however, in the case of Upbit, there is no suspicion of embezzlement unlike Coinnest and HTS.”
What do you think of the Korean prosecutors going after HTS Coin’s employees?