Just saw the news from Korea, Bithumb's CEO is officially under investigation for bribing lawmakers.
Seems like the whole world is in on the game of greasing palms; Korea just happens to be cracking down harder.
I usually see them charging sky-high fees for listing coins, but it turns out they need to funnel a part of those profits to "open doors."
With the regulatory hammer coming down and some envelopes sliding under the table, this saga is likely to drag on. Whether they freeze assets or not, let’s let the dust settle for a bit. #Bithumb #Korea $BTC
Seems like the whole world is in on the game of greasing palms; Korea just happens to be cracking down harder.
I usually see them charging sky-high fees for listing coins, but it turns out they need to funnel a part of those profits to "open doors."
With the regulatory hammer coming down and some envelopes sliding under the table, this saga is likely to drag on. Whether they freeze assets or not, let’s let the dust settle for a bit. #Bithumb #Korea $BTC