Prosecutors Search Bithumb and Upbit Over 'Kim Nam-guk Coin Suspicion'
Regarding the controversy over independent lawmaker Kim Nam-guk's (41) cryptocurrency holdings, the prosecution conducted a search and seizure at cryptocurrency exchanges Bithumb and Upbit on the 15th.
According to the cryptocurrency industry, the Criminal Division 6 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Lee Jun-dong) sent prosecutors and investigators to Bithumb and Upbit on the same day to secure Kim's cryptocurrency transaction records.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023051211061829107_1683857178.jpg)
The prosecution had previously requested search warrants for Kim's electronic wallets twice in October and November of last year, but both were dismissed.
Bithumb and Upbit are the exchanges where Kim's cryptocurrency electronic wallets are registered. Kim transferred 850,000 WEMIX coins from Bithumb to an Upbit electronic wallet between January and February of last year.
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The Financial Intelligence Unit (FIU) regarded the large cryptocurrency transfer at that time as a suspicious transaction and handed over related materials to the prosecution.
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