South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement South Korean cryptocurrency exchange Coinbin has declared bankruptcy after suffering millions of dollars in losses, in part due to claimed embezzlement. Coinbin published a notice on its website on Wednesday, stating that “increased debt” and “government regulation” led to the firm having to halt its business operations. Specifically, it…

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