Employees of South Korean crypto exchange Coinone arrested after accepting bribes in exchange for token listings

An employee of Coinone, an exchange company. A South Korean cryptocurrency has been arrested on suspicion of receiving money in exchange for listing certain crypto assets, according to CoinDesk. Korea reported on Tuesday.

“There are concerns about fleeing,” said Kim Ji-Sook, chief judge of Seoul’s Southern District Court. who issued an arrest warrant on Monday, said

According to the report, Hwang Mo, a listing broker, paid up to 2 billion won ($1.51 million) to Coinone’s head of listing team Kim Mo in exchange for listing the “Furiever Coin” digital currency. digital assets specifically listed on Coinone; andhave a connectionwith the latest kidnapping and murder investigations in Gangnam, Seoul.

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