Namguk Kim, on Allegations of "Free Receipt of Airdrop Coins": "Utterly Absurd"

Kim Nam-guk, a member of the Democratic Party of Korea, denied on the 13th the allegations that he received coins for free through an 'airdrop' method and was lobbied by the gaming industry, calling it "truly absurd."

Kim Nam-guk, Member of the Democratic Party of Korea [Image source=Yonhap News]

On the same day, Kim wrote this on his social networking service (SNS) Facebook account and stated, "In the future, I will strongly respond legally to false reports that have not been verified."

An airdrop is a method where a coin exchange or issuing company gives new coins for free to coin holders based on their investment ratio as part of an event or marketing. Kim was embroiled in allegations that he received coins through this method.

In particular, within and outside the gaming industry, there were talks that Kim might have received a large amount of WEMIX coins through an airdrop from Wemade, the issuer of WEMIX, or its affiliates, raising suspicions of lobbying.

In response, Kim pointed out, "At first, they accused me of illegal election funds, then when it was revealed that I withdrew 4.4 million won in cash from an ATM before and after the election, the issue quickly died down, and now they are accusing me of some 'illegal lobbying'."

He also explained, "'Airdrop' was done through a cryptocurrency deposit service called 'ClaySwap,'" adding, "If you look at the cryptocurrency transactions, the ins and outs are all transparently shown."

He continued, "When comparing the total amount of cryptocurrency that went into the Kakao Wallet and the total amount transferred out, it is clear that I suffered a huge loss, yet they write such absurd articles, which is truly outrageous."

He further expressed, "I deeply regret that such reports are written based solely on anonymous quotes from people who do not understand cryptocurrency well, without proper verification or thorough investigation."

He added, "Until now, I refrained from responding individually to the media as the party requested to hold off during the ongoing fact-finding investigation, but this has gone too far."

Kim's airdrop receipt allegations were raised the day before during a meeting where the Democratic Party's fact-finding team, which is investigating various virtual asset-related suspicions, reported the investigation status to the party leadership. Kim Byung-gi, the chief secretary-general and head of the fact-finding team, told reporters after the report that "it does not seem accurate." However, several leadership officials confirmed that Kim did receive coins through an airdrop, showing mixed reactions.

This content was produced with the assistance of AI translation services.