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Bitsonic CEO Arrested for Stealing $7.5 Million from Exchange Users!

August 9, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Creator: Mustafa Mulla Aug 9, 2023 14:58

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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The CEO of South Korean crypto alternate Bitsonic, Jinwook Shin, has been arrested by police on expenses of stealing investments and deposits from alternate customers. Shin is accused of manipulating cryptocurrency costs and buying and selling quantity on Bitsonic, allegedly stealing $7.5 million from customers. Even after liquidity points and withdrawal limitations, Bitsonic’s CEO continued providing crypto to new purchasers. South Korea has established an interagency investigation unit to fight cryptocurrency crimes and shield buyers.

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Tags: ArrestedBitsonicCEOExchangeMillionStealingUsers
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