South Korea's BitMAX Listed on KOSDAQ Allegedly Transfers All Owned Bitcoin to Foreign Exchanges Without Disclosure, Reports Say

Gradual Transfers Starting in January, Complete Outflow by February

According to a scoop reported by South Korea's Maeil Business Newspaper on the 17th, it has been revealed that BitMAX, a KOSDAQ-listed company, transferred approximately 550 BTC to foreign cryptocurrency exchanges without any official disclosure.

The company, which positions Bitcoin purchasing as a core strategy of its Digital Asset Transformation (DAT) business, has caused ripples across the industry.

Blockchain analysis indicates that the transfers from the company's estimated wallet began in January...