According to local news sources, the South Korean authorities raided three local cryptocurrency exchanges because of the suspicion that employees of these exchanges was involved in the theft of users ‘ funds.
As reported Chosun.com employees and managers of these exchanges, are suspected of buying crypto currencies on other exchanges using customer funds.
The Prosecutor’s office for the southern district of Seoul, confiscated hard drives, mobile phones and documents in search of evidence. As stated by one of the prosecutors:
This company first caught our attention in January, during the audit, which was conducted by the staff of the financial services Commission and Korean financial intelligence.
Another source indicated that the investigation is conducted by the financial regulator of the country – the financial services Commission (FSA), and the operators of the exchanges companies are accused of embezzlement.
In January, representatives of the financial Supervisory Service said they are investigating possible insider trading of cryptocurrency with their employees and that the results of the investigation will necessarily be made public.
Close attention to the cryptocurrency exchanges in South Korea, comes amid continuing pressure from the government. In the autumn of last year, it banned the ICO in the country, and this year was not allowed to work on cryptocurrency exchanges using anonymous accounts.