According to the Daily Planet, South Korean prosecutors have begun a comprehensive investigation into allegations of embezzlement of virtual currency and breach of trust by former Kakao chairman Kim Bum-so and executives of affiliated company Klaytn, and conducted the first plaintiff investigation on October 11. The prosecutors asked the plaintiffs in detail on the facts, legal background and amount of damages of the main allegations on the same day. The prosecutors also allegedly asked the plaintiffs to submit additional data on the transaction details of the cryptocurrency Klay by executives of Kakao affiliated companies. Earlier, the Korean civil group "Economic Democracy 21" filed a complaint with the Seoul South District Prosecutor's Office, where the Virtual Asset Crime Joint Investigation Team is located, accusing former Kakao chairman Kim Bum-so and executives of Klaytn affiliated companies of violating the "Specific Economic Crime Aggravated Punishment Act" (embezzlement and misappropriation of public funds) and violating the "Capital Market Act".