Manta Network: The funds associated with the BD address were allocated for operational expenses to expand into the Korean market, not for money laundering activities.

TechFlow reported, according to PANews, that in response to the earlier Definalist disclosure alleging that "Manta Network's South Korea BD is suspected of money laundering via Bithumb," Manta Network stated the claim is false. The funds in question were intended for expanding its South Korean market, and the funds associated with the BD address are operational expenses for its South Korean branch.

Previous report: Manta Network's South Korea BD allegedly involved in money laundering through Bithumb.