South Korean lawmakers hauled in
At a parliamentary hearing, legislators pressed Bithumb CEO Lee Jae-won over a lack of internal controls after an employee mistakenly processed customer payouts in Bitcoin rather than won during a promotional event last week.
“Bithumb gave away Bitcoin that were not in the company’s possession, and that is what we call naked short selling,” Min Byeong-deok, a lawmaker from the ruling Democratic Party, ...