Prosecution Seizes and Searches WeMade, Coin Issuer in Kim Nam-guk Coin Trading Allegations Investigation

Photo credit: Yonhap News

Prosecutors investigating the allegations of coin trading by independent Rep. Kim Nam-guk seized and searched WeMade, the issuer of virtual currency Wemix, which was found to have held billions of won.

On the 24th and 26th of last month, the Seoul Southern District Prosecutor’s Office sent investigators to WeMade’s headquarters in Bundang-gu, Seongnam-si, Gyeonggi-do to secure the details of Congressman Kim’s coin transactions.

Following the seizure and search of virtual currency exchanges and coin deposit and exchange service companies, this time, a compulsory investigation into the coin issuer was launched.

However, an official from the prosecution said, “The form is a search and seizure, but it is a simple procedure for confirmation.”

WeMade explained, “We are faithfully responding to the prosecution’s investigation or request for cooperation.”

Previously, the Financial Intelligence Analyst judged that Congressman Kim moved 850,000 Wemixes from an electronic wallet to another wallet early last year as a suspicious transaction and notified the prosecution.

Prosecutors are looking into whether there is any suspicion of violation of the Political Fund Act or tax evasion in the course of Congressman Kim’s large coin investment, including the transaction.

2023-06-01 14:13:27
#Prosecution #seizes #searches #coin #issuer #Kim #Namguk #suspicion

Read more:  Prosecutor's Office: woman accused of fraud "obtained false discount orders" from the Armed Forces to manage loans in credit institutions

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick