๐ฐ๐ท South Korea Crypto Scandal: Lawmaker Under Fire for Targeting Upbit
A South Korean lawmaker is facing backlash after allegations surfaced that he used his political influence to pressure Upbit, the countryโs largest crypto exchange by market share.
The controversy centers on potential conflict of interest, as reports reveal his son currently works at Bithumb, Upbitโs main domestic competitor.
Sources claim the lawmaker previously introduced his son directly to Upbit executives and even submitted a resume on his behalf โan effort that ultimately failed.
Shortly afterward, his son secured a position at Bithumb, and the lawmakerโs stance toward Upbit reportedly shifted.
He then began aggressively questioning regulators, raising concerns over Upbitโs alleged market dominance and calling for closer scrutiny and stricter oversight.
๐ญ What do you think โ is this genuine regulation or a hidden agenda? Drop your thoughts below! ๐