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

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Mr. Park Moo, Vice President of Vidente, the largest shareholder of South Korean cryptocurrency exchange Bithumb, was It said He was found dead in front of his house at 4 am on December 30th.

Prior to his death, Mr. Mo was named as a prime suspect in an investigation launched by South Korean prosecutors for his alleged involvement in embezzling funds in Bithumb-related companies, as well as stock price manipulation.

In October 2021, the Financial Investigation Division of the Seoul Southern District Prosecutor’s Office launched an investigation into the allegations against Mr. Park Moo, which led to the takeover of Bithumb affiliates such as Vident, Inbiogen, and Bucket Studio.

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It is known that Vident, a KOSDAQ-listed company, is the largest shareholder of Bithumb and holds a 34.22% stake in the cryptocurrency exchange.

It is suspected that Mr. Mo may have committed suicide due to the nature of the criminal allegations against him.

Related: Tiantian Colander, co-founder of Amber Group, dies at 30

Over the past three months, the number of deaths in the cryptocurrency community has been remarkable.

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On November 1, Cointelegraph reported that Nikolay Mushegian, co-founder of decentralized cryptocurrency lending platform MakerDAO and Dai,DAI) stablecoin, found dead in Puerto Rico at the age of 29.

On November 23 Tiantian Colander, Founding Partner of Amber Groupalso known as “TT”, died unexpectedly in his sleep at the age of 30, leaving behind a wife and son.

Russian billionaire Vyacheslav Taran, President of the Libertex Group and Founder of Forex ClubHe also died on November 25 in a helicopter crash in France while en route from Lausanne, Switzerland, to Monaco. He was 53 years old.