Bithumb crypto exchange investigated following link to lawmaker's family

crypthub

6/10/2026, 5:10:29 AM

Police Investigation Resumes at Bithumb

Seoul police returned to Bithumb's headquarters for a second search following a corruption probe. This latest raid keeps the investigation highly visible to the public. The police are attempting to reconcile Bithumb's records, hiring files, and internal messages with the exchange's official narrative. This move signals that investigators are still piecing together the details of the case.

Focus on Hiring and Political Links

A central thread involves claims that an independent lawmaker used his position to help his son get hired at the exchange. Reports suggest the lawmaker made hiring requests spanning late 2024, followed by the son's hiring in early 2025. Investigators are also examining if the lawmaker’s questions regarding a competitor were part of a broader effort to pressure Bithumb. The probe currently covers a wide range of suspicions, including alleged bribery.

Ongoing Scrutiny of the Exchange

The lawmaker has been summoned multiple times over a nine-month period, but the police have not indicated the inquiry is complete. Bithumb maintains that the hiring process followed all normal procedures without any irregularities. This search contributes to a long history of the exchange facing various raids, including those related to tax, fraud, and token manipulation. Authorities confirm the wider case remains incomplete and requires further review.