[(SBS 2023 News, May 5, 5) It was reported that Kim Nam-kook, a member of the Democratic Party, held up to 8 billion won worth of virtual currency at the time last year.]

Kim Nam-guk, a member of the Democratic Party who thought he was a common man. What made you have billions of virtual currencies, and what prompted you to invest a large amount of money in cryptocurrency.. The coin controversy over Congressman Kim's political life and entire fortune, new allegations are popping up every day.

The story begins when a financial intelligence analyst discovers something strange while watching Congressman Kim Nam-kook's cryptocurrency transactions. It's not clear where the coin investment came from or how much profit it made. Congressman Kim explained that he invested in virtual currency with 60 million won generated by selling stocks, and now he has about 9 million won. But then things start to get more twisted. This is because there was no cool answer as to how they were able to invest all of their nearly 8 billion won in 'Wemix', which was a job coin at the time.

[Cho Eung-ch'on/MDP lawmaker (SBS Radio's Kim Tae-hyun's political show): Didn't you know something? Isn't there something? So the question of whether it was using inside information, undisclosed inside information, is still (unresolved).]

I can't blame 'my money'. It's not a problem that lawmakers have a lot of cryptocurrencies. But this can be a problem.

[Jeon Ju-hye/People's Power Senate Spokesperson: The period in late February and early March 9, when Congressman Kim Nam-kook withdrew all his coins, was just before the implementation of the virtual currency real-name system. The background is questionable.]

Congressman Kim sold some Wemix coins and bought other coins. That was in 1, and a year ago, in 10, we introduced a bill to postpone taxation of cryptocurrency investment income. And with the passage of the bill, the actual tax payment was delayed. If the law hadn't passed, Congressman Kim would have had to pay taxes. Accusations poured in that it was a national show.

[Yoo Sang-beom/Chief Spokesperson of the People's Power: On the shamelessness of not even apologizing to the people for the conflict of interest issue of proposing a bill to suspend the taxation of coins while holding coins....]

The fact that he usually emphasized frugal living and bought and sold billions of coins on the other hand was enough to destroy his image as a politician.

Lawmaker Kim Nam-guk, who was busy clarifying, issued a formal apology four days later. However, a new virtual currency wallet believed to belong to Congressman Kim is discovered again, and there is even a suspicion that it is now 2022 billion won instead of 2 billion .... In the end, the MDP asked Congressman Kim to sell the virtual currency, and Congressman Kim said he would accept it.

But how many coins he had in the first place, and what was the reason behind the big money, Congressman Kim is still tight-lipped. Now the reality is that Congressman Kim has to wait for the outcome of the prosecutor's investigation, which he stumbles on every time.

(Video Editor: Jang Hyun-ki, Production: Digital News Editorial Department)