Key Takeaways Two of South Korea’s leading digital asset exchanges, Upbit and Bithumb, have halted deposits of Synthetix’s token, SNX, following the asset’s designation as a trade warning commodity by the Digital Asset eXchange Alliance (DAXA). The suspension stems from…
South Korean prosecutors searched the offices of two crypto exchanges as part of their inquiries into the legislator Kim Nam-kuk's digital assets.
As the suspected actual owner of the exchange is being sought, the net draws closer to the Bithumb officials.
Kang is facing charges of embezzlement, breach of trust, and fraudulent, illegal transactions.
The National Tax Service is looking into potential tax avoidance by Bithumb Korea, Bithumb Holdings, and affiliates in domestic and international operations.
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