Police allege that Bithumb CEO Lee hired lawmaker Kim’s son as a favor, in exchange for Kim using his position to target Upbit.

South Korean police reportedly raided Bithumb as part of an investigation into allegations that lawmaker Kim Byung-gi sought to influence crypto-sector hiring decisions involving…

Seoul police reportedly raided Bithumb HQ a second time June 8, 2026, in a corruption probe targeting lawmaker Kim Byung-ki.