Free Bitcoin 2020

Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

South Korean Police Seize Shares From Major Bithumb Shareholder

South Korean Police Seize Shares From Major Bithumb Shareholder

South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon.

According to a local media report, the police raid – the third on the exchange this month – follows a September 14 ruling from the Seoul Central District Court.

The seizure was executed on September 16 at Bithumb’s Gangnam office by accounting firm Samjong KPMG, which will also shortlist additional shareholdings to be sold in Bithumb Holdings. The accountants are overseeing the sale of the exchange.

It is not clear how much of Kim Byung-Geon’s stake was confiscated. However, the director has been trying to acquire Bithumb without success. He has reportedly been sued in the process, while also filing an application for the confiscation of Lee Jung-Hoon’s stake, Bithumb chairman and majority shareholder.

Bithumb is currently under investigation for financial fraud involving $25 million. The exchange was raided twice this September in connection with the fraud case, which relates to the private sale of Bithumb’s native token, Blockchain Exchange Alliance (BXA), in 2018.

The tokens were never listed on the Bithumb platform as promised by the company, resulting in investors reportedly suffering losses to the tune of $25 million.

What do you think about the successive police raids at Bithumb? Let us know in the comments section below.

The post South Korean Police Seize Shares From Major Bithumb Shareholder appeared first on Bitcoin News.

from Bitcoin News

Hot News

Free Bitcoin 2020

Defcon Speaker Discusses Liberating $300K Worth of Bitcoin From an Encrypted File