Hire My Son, Target My Rivals: The Bribery Scandal Rocking South Korea’s Biggest Crypto Exchange
South Korean police have booked Bithumb CEO Lee Jae-won as a bribery suspect after investigators alleged a lawmaker demanded his son be hired at the exchange — then used his seat on the Financial Regulation Committee to target a rival. Two HQ raids, 13 suspicions, and a $24.5 million fine later, South Korea’s crypto corruption problem is impossible to ignore.
