In an ongoing probe into Rep.
Kim Nam-kuk’s questionable cryptocurrency transactions, prosecutors conducted a
raid on Monday at the offices of Ozys PTE Ltd., the operator of the cryptocurrency
platform Klayswap, located in Seoul’s Yeouido district.
Officials from the Seoul
Southern District Prosecutors Office revealed that investigators were
dispatched to Ozys PTE Ltd. to seize evidence related to the case, as reported by Yonhap. The primary
focus of the investigation has been to determine the financial source behind
Kim’s ownership of approximately 800,000 Wemix coins in 2021, valued at around
6 billion won (US$4.5 million) at that time.
Amid allegations suggesting
that Kim acquired the tokens for free through an “airdrop” from the
game industry, the first-term lawmaker refuted the claims in May, stating that
he solely utilized Klayswap, an
instant swap protocol, and that all transaction records were transparently
disclosed, as reported by Yonhap.
As suspicions regarding the
source of Kim’s substantial cryptocurrency holdings and potential possession of
insider information continued to mount, he recently resigned from the main
opposition Democratic Party.
Following Upbit,
Bithumb raids, the raid on Ozys PTE Ltd.
represents a significant development in the ongoing investigation, as
authorities seek to uncover the truth behind Rep. Kim Nam-kuk’s involvement in
the cryptocurrency transactions under scrutiny.
South Korea’s Ruling Party Visits Wemix Issuer
A delegation of lawmakers from
South Korea’s ruling People Power Party (PPP) recently conducted
a visit to the office of Wemade, the issuer of play-to-earn (P2E)
cryptocurrency. The purpose of the visit, as reported by Yonhap, was to
investigate suspicions surrounding the company’s potential influence on
political figures, particularly related to the provision of Wemix coins at no
cost.
The visit by the PPP delegation
underscores the seriousness of these allegations and reflects the government’s
commitment to maintaining transparency and integrity in the political sphere.
As the investigation unfolds,
the public and relevant parties await further updates on the progress of the
case, eager to ascertain the true nature of Rep. Kim’s cryptocurrency
transactions and their potential ramifications.
In an ongoing probe into Rep.
Kim Nam-kuk’s questionable cryptocurrency transactions, prosecutors conducted a
raid on Monday at the offices of Ozys PTE Ltd., the operator of the cryptocurrency
platform…
