Cryptocurrency Exchange Involved in Employee Assault and Extortion Controversy... Sued on Charges of Aggravated Robbery

[Asia Economy Reporter Lee Jung-yoon] The actual owner and executives of a well-known cryptocurrency exchange are under police investigation after being accused of special robbery.

On the 20th, the Gangnam Police Station in Seoul announced that it is investigating a case in which former employees of cryptocurrency exchange company A filed a complaint against the actual owner and executives for special robbery and violations of the Act on the Aggravated Punishment, etc. of Specific Crimes (joint extortion and joint coercion), among other charges.

In January of last year, B, the actual owner of company A, was accused of assaulting employee C by hitting him on the head with a liquor bottle and ordering other executives to assault C and extort 93 million won from him.

B is also accused of extorting approximately 380 million won in cash and cryptocurrency from two other employees, as well as forcing the victims to sign documents implying legal responsibility for detaining them and profiting from the proceeds.

B is reported to have committed assault because the victims made profits by trading cryptocurrency on the company's exchange.

Meanwhile, B was sent to the prosecution with a recommendation for indictment on charges of assault and intimidation against other current and former employees suspected of gaining unfair profits using internal information. B was accused in February last year of assaulting and extorting money from employees suspected of trading cryptocurrency using internal information during an investigation.

Company A is also under investigation for inflating trading volume by buying and selling cryptocurrency internally. The police have sent four executives to the prosecution with a recommendation for indictment, while one was sent with a non-prosecution opinion.

This content was produced with the assistance of AI translation services.