Seoul police searched Bithumb's headquarters Monday as part of a corruption probe tied to the son of independent lawmaker Kim Byung-ki. This marks the cryptocurrency exchange's second police raid in four months. The Seoul Metropolitan Police Agency's Public Crime Investigation Unit led the operation at Bithumb's Gangnam-gu offices.
Second Raid in Four Months
Police returned to Bithumb's Seoul offices just months after the first search. The repeated operation shows investigators still need access to the exchange's records or personnel. Bithumb, one of South Korea's largest crypto platforms, now faces intensified scrutiny.
Probe Links to Lawmaker's Son
The corruption investigation centers specifically on the son of independent lawmaker Kim Byung-ki. Police haven't released details about the nature of the allegations or his alleged involvement with Bithumb. The lawmaker himself hasn't been named as a suspect in the probe.
Police Unit's Focus
The Seoul Metropolitan Police Agency's Public Crime Investigation Unit handled both searches. This specialized team targets major corruption cases in the capital region. Their repeated action signals the probe's significance to authorities.
Police have not scheduled a public briefing about Monday's findings or next steps in the investigation.
