The leadership of three South Korean bitcoins-exchanges is suspected of wasting funds

[Mazda3]

Law enforcement agencies of South Korea are checking three crypto-exchange exchanges, suspecting their employees and management in using their clients' funds to purchase crypto-currency on other exchanges. This is reported by Chosun.com.

According to the publication, hard disks, mobile phones and documents were confiscated from the offices of the crypto-bank.

"The companies were in our field of vision in January during the check of suspicious money transfers from bitcoin-exchanges that were identified during the audit by the Financial Services Commission and the Financial Investigations Department," a representative of the Seoul Public Prosecutor's Office said.