South Korean prosecutors conduct first investigation into former lawmaker Kim Nam-guk suspected of improper Cryptocurrency trading

Jinse Finance reported that according to Yonhap News Agency, South Korean prosecutors conducted the first investigation against former congressman Kim Nam-guk for possible illegal cryptocurrency trading activities during his tenure as a congressman. Earlier, there were reports that former congressman Kim Nam-guk held Virtual Money such as Wemix Coin, Mabrex, BORA, with a total value of up to 6 billion Korean won (approximately 4.48 million US dollars), which raised public suspicions about the source and use of his investment funds. He is also suspected of engaging in improper transactions using undisclosed information obtained from the gaming industry, profiting from buying coins at low prices.