TechFlow news: Youngsik Won, chairman of Green Snake, has been arrested by the Southern District Prosecutors' Office in Seoul, South Korea, on suspicion of involvement in stock price manipulation of Bithumb. He is accused of violating the Capital Markets Act and serious breach of trust laws.
According to News1, Green Snake rose to prominence by investing over 1 trillion KRW in convertible bonds (CB) issued by Bident, Bithumb's largest shareholder, and its affiliated company Bucket Studio.




