# Translated Article From South Korean Publication Covering Bithumb's Arrest > *Just in case there are any individuals out there that are interested in the contents of this article detailing the Bithumb exchange owner's arrest in Soth Korea for various financial crimes. This was done with Google Translate (albeit, automatically by the browser upon detecting another language), so the quality will undoubtedly not be perfect due to certain colloquialisms and idioms that require a human being with nuance to interpret correctly* "**On the 2nd, the police began a seizure and search for Bithumb, a large cryptocurrency exchange, which is the number one trading volume in Korea. Bithumb's average number of visitors from May to July was 4.11 million, the largest in Korea**. **The Seoul Metropolitan Police Agency's Intelligent Crime Investigation Unit is confiscating and searching the headquarters of Bithumb, Gangnam-gu, Seoul, on charges of fraud. Bithumb beneficial owner Lee Jung-hoon (44), chairman of the board of directors of Bithumb Holdings and Bithumb Korea, has been under police investigations for fraud and escape of property abroad (violation of the Act on aggravated punishment for certain economic crimes)**. **According to the Seoul Metropolitan Government, the search for seizure is related to suspicion of investment fraud related to the issuance of BXA token, which is a cryptocurrency, while Chairman Lee negotiated the sale of Bithumb with BK Group Chairman Kim Byung-gun (57) in October 2018. BXA victims have claimed that Chairman Lee and others have inflicted damage by not actually listing even though they pre-sell 30 billion won in the name of listing BXA on Bithumb**."