Bithumb employee receives police commendation for blocking $2.7M fraud
- —3.8 billion won ($2.7 million) in fraudulent funds that arrived via KB Kookmin Bank were blocked
- —About 9 billion won ($6.5 million) was returned to 163 victims
- —The Bithumb employee was the first crypto exchange worker to receive a commendation from South Korea's police chief
Why it matters: The case shows exchanges are playing a more active role in recovering stolen funds, reducing reputational and regulatory risks in South Korea.
Source: Digital Today