South Korea prosecutors investigating lawmaker’s crypto accounts

2023-5-15 17:52

South Korean prosecutors are probing crypto exchanges UpBit and Bithumb as part of the investigations into the transactions of lawmaker Kim Nam-kuk.

Local media reported that the Seoul Southern District Prosecutor’s Office had seized Kim’s account information from the two exchanges to check his transaction history and funding source.

Prosecutors also sent a warrant to the Kakao messaging app because the lawmaker used its Klip wallet for some crypto transactions.

The country’s major financial regulator reported Kim to the prosecutors after acting on information from Upbit. The lawmaker had transferred 800,000 WEMIX tokens valued at 6 billion won ($4.5 million) from Upbit to Bithumb between late February and early March of 2022.

The revelation sparked concerns about conflict of interest as Kim had co-sponsored a bill to amend the Income Tax Act in 2021. The bill sought to remove taxes on virtual assets.

While investigations have been on since last year, the court denied earlier efforts to get the search and seizure warrants. But the prosecution was successful on its third attempt after strengthening its charges.

According to reports, prosecutors listed charges such as violating the Political Funds Act, concealing criminal proceeds, and tax evasion in the search and seizure warrants sent to the exchanges.

Meanwhile, Kim, who was a member of South Korea’s main opposition party Democratic Party has resigned from the party to become an independent.

The lawmaker has denied violating any law, as no rule requires lawmakers to report their cryptocurrency transactions. WEMIX was delisted from top South Korean exchanges in November 2022.

The post South Korea prosecutors investigating lawmaker’s crypto accounts appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

South African Rand (ZAR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ZAR

south exchanges kim crypto prosecutors lawmaker seized

south exchanges → Результатов: 126


Study: Most Traffic on Major Cryptocurrency Exchanges Comes From the United States and Japan

Nearly 50% of the global cryptocurrency traffic across various premier trading platforms such as Huobi, Bitfinex, OKEX, Kraken comes from Japan, America and South Korea. Crypto-centric traffic coming from China cannot be assessed with a lot of certainty since most altcoin enthusiasts in the region make use of VPNs that mask their identities and exact […]

2019-6-3 09:56


US Traders Visit Crypto Exchanges 22 Million Times Each Month, DataLight Research Reveals

A new research paper produced by DataLight has discovered that the United States, Japan and South Korea are the three main fans of crypto exchanges in the whole world. Datalight investigated where all the traders come from and discovered that most of them come from the U. S. After analyzing over 100 platforms, the company […]

2019-5-1 00:58


Фото:

Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges

Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.

2019-4-24 22:55


Top Bitcoin Exchanges Come Together In An Effort To Retrieve BitHumb’s Stolen Crypto Funds

Top Crypto Exchanges Come Together In An Effort To Retrieve BitHumb’s Stolen Funds As many of our regular readers may recall, late last month, leading South Korean crypto exchange Bithumb fell victim to a hacking scandal which saw the company lose a little over USD $18 million worth of assets. However, as soon as this […]

2019-4-19 20:14


Фото:

Coinbase expands cryptocurrency trading services across 11 new markets

Coinbase, one of the longest serving exchanges in the cryptocurrency ecosystem, is expanding its services across Latin America and Southeast Asia. As a result of the expansion, cryptocurrency enthusiasts in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines, and New Zealand will now be able to access the company’s crypto-to-crypto trading services.

2019-4-17 22:00


Фото:

Bitcoin’s Key Indicator Flashing Bullish Again, Mirroring Pre-5K Breakout

The return of a previously well-known phenomenon to Bitcoin this week continues to excite traders as Bitcoin price pushes above $5250. Return Of The ‘Kimchi Premium’ Spotted online by social media traders, the so-called ‘Kimchi Premium’ – a surcharge on the Bitcoin price specifically impacting South Korean investors – is making a comeback on local cryptocurrency exchanges.

2019-4-10 12:00


Фото:

Bitcoin Price Surge Sees Venezuela Hit Record Localbitcoins Highs

Bitcoin price highs last week had serious knock-on effects for some markets, with traders worldwide setting several new records. South America’s Record Bitcoin Trading Data from monitoring resource Coin Dance, which tracks volumes on P2P Bitcoin exchanges Localbitcoins, Paxful and Bisq, confirmed South America in particular saw huge amounts of fiat currency change hands during the seven days ending April 6.

2019-4-8 13:00


Фото:

Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software

This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.

2019-4-2 21:54