South Korea police raid Bithumb over lawmaker hiring favoritism probe: report

South Korean lawmaker Kim Byung-gi faces probe over alleged nepotism tied to his son’s crypto jobs as police raid Bithumb's offices.

South Korean police have reportedly raided Bithumb as part of an investigation into alleged nepotism involving independent lawmaker Kim Byung-gi.

Kim allegedly attempted to influence employment opportunities for his son at multiple crypto firms, including Bithumb and Dunamu, the operator of rival exchange Upbit, according to a Monday report by News1.

Kim’s son joined Bithumb in January 2025 and worked there for about six months, the local outlet reported. Authorities are investigating whether any external pressure or preferential treatment influenced the hiring process.

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