South Korean prosecutors have seized and searched a number of companies linked to Bithumb

On October 8, JTBC reported that the largest shareholder and management of crypto trading platform Bithumb are suspected of corruption. South Korean prosecutors yesterday seized and searched several companies related to Bithumb, including INBIOGEN, Vidente and Bucket Studio. Bithumb was not part of the search. Vidente, which is listed on KOSDAQ, is reportedly Bithumb's single largest shareholder with 34.22% of Bithumb Holdings.