The CEO of high-profile South Korean cryptocurrency exchange Coinnest has reportedly been arrested after siphoning user funds into his own account. Fraud and Embezzlement According to a report from Maeil Business Newspaper today (via Reuters), employees of South Korea’s fifth largest cryptocurrency exchange, Coinnest, “were detained on Thursday in connection with the alleged embezzlement of assets.” ZDNet reports that the individuals arrested areΒ CEO Kim Ik-hwan and another senior executive β€” both on charges of fraud Read More The post Coinnest Crypto Exchange CEO Arrested for Fraud and Embezzlement appeared first on Bitcoinist.com.



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