The prosecution, which is investigating allegations of embezzlement of the virtual currency exchange Bitsum affiliates, has requested an arrest warrant for Kang Jong-hyun, known as the actual owner.

According to the legal community, the Seoul Southern District Prosecutor's Office's Financial Investigation Division 2 (Chief Prosecutor Chae Hee-man) requested an arrest warrant for Mr.

Mr. Kang is accused of being key in manipulating the stock prices of Bithumb affiliates Vident, Inbiogen, and Bucket Studio.

These companies have issued convertible bonds worth KRW 780 billion since August 2020, when Kang Ji-yeon, Kang's younger sister, took office as CEO. had suspicions.

In addition, the prosecution believes that Mr. Kang traded convertible bonds in a borrowed name to avoid the disclosure obligation.

Previously, in the process of attending the prosecution twice, Mr. Kang had to postpone the attendance date several times, citing panic disorder and corona aftereffects.

In addition, he denied all related suspicions in front of reporters ahead of his second appearance.

(Photo = Provided by Bithumb, Yonhap News)