Major South Korean crypto exchanges upbitglobal, BithumbOfficial were searched by prosecutors over suspicious transactions made by former lawmaker Kim Nam-kuk. By lavender_au.
over cryptocurrency withdrawals he made in 2022.
Kim also faces accusations that he was trading coins during meetings of the National Assembly's judiciary committee in May and November last year,The lawmaker presented himself as a frugal politician while owning 800,000 WEMIX tokens, worth 6 billion won between January and February 2022. The ruling People Power Party said that it would launch an internal task force to investigate Kim's cryptocurrency transfers on Monday. Rep. Yun Chang-hyeon, who heads the special committee on digital assets will head the task force, along with Rep. Kim Sung-won.
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