Bithumb Cooperating In The Investigation Of The Telegram ‘Dr. Bang’

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Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • It was reported that the cryptocurrency exchange Bithumb received a letter from the police seeking cooperation in the investigation of the Telegram ‘Dr. Bang.’
  • As per sources, many domestic exchanges, including Bithumb, were pointed by the police to cooperate with doctoral investigations.

It was reported that the cryptocurrency exchange Bithumb received a letter from the police seeking cooperation in the investigation of the Telegram ‘Dr. Bang.’

Bithumb to cooperate on doctoral investigations

Bithumb assists with the investigation by identifying the list of related members. Among them, Monero (XMR) received by Dr. Jo Joo-bin as a subscription fee is listed, and Huobi Korea generated most of the domestic transaction volume is listed too.

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As per sources, many domestic exchanges, including Bithumb, were pointed by the police to cooperate with doctoral investigations. Most of the subscribers who sent Monero to Joo-bin with the cooperation of Bithumb in the inquiry can be identified.

Currently, the Bithumb Wonhwa Market and Huobi Korea BTC Market are the two markets that can trade Monero, and most people who purchase Monero in Korea use Bithumb.

One of the officials from Huobi Korea said that they have very few transactions in Monero, and they have a plan to cooperate with the police when an investigation request comes in.

The police seized and investigated for the cryptocurrency purchasing agency B on March 20. They safeguarded a list of transactions and members who sent cryptocurrency to the doctor’s room through B.

Strict investigations and strong punishment for the culprits

On the other hand, the crime rate on the digital platform has been spread widely, whether it is related to crypto laundering or sexual exploitations.

A decision to apply criminal group regulating crimes under the criminal law to suspects involved in the making and distribution of illegal sexual exploitation videos such as ‘n-bangbang’.

On the 24th, The Ministry of Justice issued a press release stating the case is related to the tragic consequences of nostalgic response to digital sexual crimes. The International Criminal Justice Coordination is being followed to ensure that strict punishments are pursued by tracking the culprits involved in the brutal crimes that destroy human life.

The prosecution will conduct an order of strict investigations and intense punishment for all the members involved in the case. The spectators, also known as the members of the Telegram chat room, asked to investigate the participation level.

The Ministry of Justice highlighted that it will carefully track and recover criminal profits using digital payment methods such as cryptocurrencies and will deal strictly with money laundering related to illegal acts.

Also, the government-wide Task Force (TF) will be endorsed to explore essential and inclusive solutions related to digital sexual crime.

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