![Why Ethereum [ETH] address outflows may be headed for DeFi](https://cryptonoiz.com/wp-content/uploads/2023/03/AMBCrypto_An_image_of_a_stylized_Ethereum_logo_with_arrows_poin_22f2aeff-c7bb-4c7d-aec7-547a37a35e82-1-1000x600-360x180.jpg){kind=logo}
Mr. Park Mo, the vice chairman of Vidente, the biggest shareholder of South Korean Cryptocurrency alternate Bithumb,was reportedly discovered useless in entrance of his dwelling at 4 am, on the morning of Dec. 30.
Previous to his demise, Mr. Mo had been named as a major suspect in an investigation launched by South Korean prosecutors for his alleged involvement within the embezzling funds at Bithumb-related firms, in addition to, manipulating inventory costs.
In October 2021, the Monetary Investigation Division of the Seoul Southern District Prosecutor’s Workplace launched an investigation into allegations made in opposition to Mr. Park Mo, which led to the seizing of Bithumb-affiliated firms resembling Vident, Inbiogen, and Bucket Studio.
Vident, a KOSDAQ-listed firm, is understood to be Bithumb’s largest shareholder and holds a 34.22% stake within the cryptocurrency alternate.
In keeping with Cash At present, the vice chairman of Vidente, the biggest shareholder of South Korean cryptocurrency alternate Bithumb, dedicated suicide by leaping off a constructing whereas being investigated by South Korean prosecutors, suspected of corruption and value manipulation.
— Wu Blockchain (@WuBlockchain) December 30, 2022
It’s suspected that Mr. Mo could have taken his personal life as a result of nature of the felony allegations that had been introduced in opposition to him.
Associated: Amber Group’s co-founder Tiantian Kullander passes away at 30
Throughout the previous three months, the variety of deaths throughout the cryptocurrency neighborhood has been notable.
On Nov 1, Cointelegraph reported that Nikolai Mushegian, the co-founder of the cryptocurrency lending platform MakerDAO and the decentralized Dai (DAI) stablecoin, was discovered useless in Puerto Rico on the age of 29.
On Nov. 23, Amber Group’s co-founder Tiantian Kullander, also referred to as “TT,” unexpectedly handed away in his sleep on the age of 30, forsaking a spouse and son.
The Russian billionaire Vyacheslav Taran, president of Libertex Group and founding father of Foreign exchange Membership, additionally died on Nov. 25 in a helicopter crash in France whereas en route from Lausanne, Switzerland to Monaco. He was 53 years outdated.
