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South Korean prosecutors raided the residence of the crypto assets exchange Coinone and related suspects.
[South Korean prosecutors raid the cryptocurrency exchange Coinone and the residences of related suspects] The Southern District Prosecutors' Office in Seoul (Chief Prosecutor Lee Sang-hyuk) is conducting a search and seizure at the headquarters of Coinone in the Yeongdeungpo District of Seoul and the residences of related suspects on the 30th. According to reports, this search is related to a complaint from the Financial Supervisory Service. The Financial Supervisory Service accuses the former representative of Coinone of allegedly lending 27 billion won of Coinone's funds without collateral to a holding company, constituting business embezzlement.