Odaily Planet Daily News: South Korean prosecutors searched accounts related to cryptocurrency exchanges Upbit and Bithumb, which were related to transfers made by Kim Nam-kuk, a member of the Democratic Party of Korea who was involved in a cryptocurrency scandal. Messaging app Kakao was also included in the search because Kim Nam-kuk used his Klip cryptocurrency wallet. Since last week, Kim Nam-kuk, a member of the Democratic Party of Korea, has been involved in conflict of interest allegations for withdrawing cryptocurrency in 2022. (CoinDesk) As previously reported, Kim Nam-kuk was accused of violating the Political Funds Act and the Capital Markets Act and was suspected of accepting bribes.