Bithumb’s largest shareholder executive found dead following allegations of embezzlement

Mr. Park Mo, the vp of Vidente, the largest shareholder of South Korean Cryptocurrency change Bithumb,was reportedly found dead in entrance of his dwelling at 4 am, on the morning of Dec. 30. 

Prior to his loss of life, Mr. Mo had been named as a major suspect in an investigation launched by South Korean prosecutors for his alleged involvement within the embezzling funds at Bithumb-related firms, in addition to, manipulating inventory costs.

In October 2021, the Financial Investigation Division of the Seoul Southern District Prosecutor’s Office launched an investigation into allegations made in opposition to Mr. Park Mo, which led to the seizing of Bithumb-affiliated firms akin to Vident, Inbiogen, and Bucket Studio. 

Vident, a KOSDAQ-listed firm, is understood to be Bithumb’s largest shareholder and holds a 34.22% stake within the cryptocurrency change. 

It is suspected that Mr. Mo could have taken his personal life because of the nature of the legal allegations that had been introduced in opposition to him.

Related: Amber Group’s co-founder Tiantian Kullander passes away at 30

Within the previous three months, the quantity of deaths throughout the cryptocurrency neighborhood has been notable. 

On Nov 1, Cointelegraph reported that Nikolai Mushegian, the co-founder of the cryptocurrency lending platform MakerDAO and the decentralized Dai (DAI) stablecoin, was found dead in Puerto Rico on the age of 29. 

On Nov. 23, Amber Group’s co-founder Tiantian Kullander, often known as “TT,” unexpectedly handed away in his sleep on the age of 30, forsaking a spouse and son.

The Russian billionaire Vyacheslav Taran, president of Libertex Group and founder of Forex Club, additionally died on Nov. 25 in a helicopter crash in France whereas en route from Lausanne, Switzerland to Monaco. He was 53 years previous.