South Korea police raid Bithumb over lawmaker hiring favoritism probe: report (opens original article in a new tab)

South Korean police raided Bithumb as part of an investigation into allegations that lawmaker Kim Byung-gi influenced his son's hiring at the company and other crypto firms.

• South Korean police raided Bithumb over nepotism allegations involving lawmaker Kim Byung-gi's son.
• Kim allegedly tried to influence employment opportunities for his son at Bithumb and Dunamu, operator of Upbit.
• Bithumb faces regulatory scrutiny over AML and compliance issues, including a $24.5 million fine and service restrictions.