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Bithumb: Vice President of largest shareholder found dead after allegations of embezzlement

 


Park Mo, the Vice President of Vidente and the largest shareholder of South Korean cryptocurrency exchange Bithumb, was found dead outside his home on the morning of December 30 .


Before his death, Mo was the prime suspect in an investigation by South Korean prosecutors for alleged roles in embezzling funds from Bithumb-related companies and manipulating stock prices.


In October 2021, the Seoul Public Prosecutor's Office launched an investigation into Park Mo. As a result, Bithumb-related companies such as Vident, Inbiogen, and Bucket Studio were seized. 


The company Vident is listed on the KOSDAQ and is known to be the largest shareholder in Bithumb. The firm owns 34.22 percent of the cryptocurrency exchange. 



It is believed that Mo took his own life as a result of the allegations mentioned.


In the last 3 months there have been quite a few deaths within the crypto community. 


On Nov. 1, Cointelegraph reported that Nikolaj Muschegian, the co-founder of crypto lending platform MakerDAO and decentralized stablecoin Dai

was found dead in Puerto Rico at the age of 29 . 


On November 23, Amber Group co-founder Tiantian Kullander, also known as "TT", died unexpectedly in his sleep at the age of 30.


Russian billionaire Viacheslav Taran, president of Libertex Group and founder of Forex Club , died in a helicopter accident in France on November 25. He was 53 years old.

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