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South Korean prosecutors raided cryptocurrency exchange Coinone and the residences of related suspects

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2025-09-30 06:25:19
The virtual asset crime joint investigation department of the South Seoul District Prosecutor's Office (Minister Prosecutor Lee Sang Hyuk) is conducting a search and seizure of the Coinone headquarters and the residences of related suspects in Yongdeungpo District, Seoul on the 30th.
It is reported that the search is related to the report of the Financial Supervisory Service. The Financial Supervisory Service accused the former representative of Coinone of allegedly lending Coinone funds 27 billion Korean won to the holding company without guarantee, constituting business embezzlement.
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