Community raises suspicion of money laundering at MANTA's listing on Bithumb in Korea

On January 18, the community raised suspicions of money laundering in connection with Manta Network (MANTA), which was listed on Bithumb. The Telegram channel, which specializes in tracking cryptocurrency transactions, reported: "When MANTA was listed, airdrop recipients were unable to deposit their funds on Bithumb due to a website outage that prevented them from making claims. We received an initial 2.7 million deposits on Bithumb, and our on-chain records show that 2 million MANTA were deposited from one address. This amount was distributed from the MANTA team wallet. A search of this address on OpenSea shows an account named Sumvely and the NFT "Sprotolady 4123" held by the wallet. This NFT is used as a profile picture by the Korean BD of the Manta team," he analyzed. The community continued, "On January 18, 23:15, a large number of purchases were made on the Bithumb ETH KRW market for 5 minutes, and from 11:47, a total of 7.3 billion KRW worth of ETH were withdrawn from Bithumb to the 2 million MANTA deposit address. The circumstances suggest that this is the Korean BD personal account of the Manta team. Given the size of the amount, it is more likely that it is a team rather than an individual. In this case, the following issues may arise: ▲ Manta team laundering funds on Bithumb using a second name ▲ Manta team using the Korean market as a liquidity outlet on the day of the listing and dumping volume ▲ Bithumb failing to monitor the abnormal transfers ▲ Large scale tax evasion by BD Korea." He added: "After the post, Manta Team Korean BD removed the NFTs in his profile picture. Based on the above, we demand an investigation".