Mr. Park Mo, the vice president of Vidente, the largest shareholder of the South Korean Cryptocurrency exchange Bithumb, was reported dead in front of his home at 4 a.m. on the morning of December 30.
Before his death, Mr. Mo had been named as the main suspect in an investigation launched by South Korean prosecutors for his alleged involvement in embezzling funds in companies related to Bithumb, as well as manipulating stock prices.
In October 2021, the Financial Investigation Division of the South Seoul District Prosecutor’s Office conducted an investigation into the allegations against Mr. Park Mo, which led to the seizure of Bithumb-related companies such as Vident, Inbiogen, and Bucket Studio.
Vident, a company listed on KOSDAQ, is known to be the largest shareholder of Bithumb and has a 34.22% stake in the cryptocurrency exchange.
According to Money Today, the vice president of Vidente, the largest shareholder of the South Korean cryptocurrency exchange Bithumb, committed suicide by jumping from a building while being investigated by South Korean prosecutors, who are suspected of corruption and price manipulation.
— Wu Blockchain (@WuBlockchain) December 30, 2022
It is suspected that Mr. Mo may have committed suicide due to the nature of the criminal charges against him.
Related: Co-founder of Amber Group Tiantian Kullander died at the age of 30
In the past three months, the death toll in the cryptocurrency community has been notable.
On Nov 1, Cointelegraph reported that Nikolai Mushegian, the founder of cryptocurrency lending platform MakerDAO and decentralized stablecoin Dai (DAI), was found dead in Puerto Rico at the age of 29.
On November 23, the founder of Amber Group, Tiantian Kullander, also known as “TT,” died unexpectedly in his sleep at the age of 30, leaving behind a wife and son.
Russian billionaire Vyacheslav Taran, president of Libertex Group and founder of Forex Club, also died on November 25 in a helicopter crash in France while traveling from Lausanne, Switzerland to Monaco. He is 53 years old.