The news was released by Business Korea, a local South Korean media. Coinbin CEO Park Chan-kyu also said the bankruptcy was a consequence of a debt acquired after the embezzlement of funds made by one of the employees.
The employee was Youbit's CEO, an executive in charge of managing digital…
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Leaders of Komid crypto exchange arrested for faking volumes
Choi, the CEO of the Korean crypto exchange Komid, was sentenced to three years in prison, while the other company leader was sentenced to two years in prison for fraud, embezzlement and misconduct.
The stock market falsified approximately…
ShapeShift dismisses part of its work team
ShapeShift fired 37 of its employees, reducing the size of its team by a third. Erik Voorhees, executive director of the company, says that the decrease in personnel is due to the last cycle of the bear market.
The company also states that…