Several high-ranked officials are in the middle of a scandal

Several high-ranked officials are in the middle of a scandal

New crypto scandal seems to be on the way in South Korea. National Financial Supervisory Service is starting the investigation are starting to look into the file of several officials who might be involved into the insider-trading scandal.

According to Bitcoin.com the officials started to selloff their crypto funds and as a result had some financial gain out of these sales not so long before the governmental announcement about tightening the rules for crypto exchanges. It is stated that they knew about the upcoming change and decided to profit off them. Which is against the law. 

Joongang Ilbo consulting agency says that the information that several high ranked officials who work for the Financial Supervisory Service of South Korea were involved in cryptocurrency trading was confirmed at the gathering of National Assembly. “We have confirmed the intelligence. We have confirmed that some public officials have done such an act”.

For now it is unknown what will be the punishment for the officials who, at this time, are still anonymous. 

Lang

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