According to our sources, the Seoul Southern District Prosecutors’ Office’s Criminal Division 6 (headed by Lee Jun-dong) has been sending prosecutors and investigators to OZIS, a company in Yeouido, Seoul, since this morning to secure Kim’s coin transaction details. OZIS is a company that operates KlaySwap, a virtual currency deposit and exchange service.
Representative Kim Nam-kook traded dozens of “job coins” through the KlaySwap service. Kim’s suspicious coin transactions have raised suspicions of “money laundering,” and prosecutors have launched raids on the service’s operators to confirm these suspicions.
In response to allegations that he received the coins for free through an “airdrop” (free distribution of coins for advertising purposes), Kim wrote on Facebook on March 13, “The airdrop was through a service called ‘Klayswap’. The airdrop was not a special offer to anyone, but a service called Clashwap that anyone can use.
The main service provided by KlaySwap is that users deposit coins and receive another cryptocurrency called KlaySwap Token (KSP) in return. Users who deposit KSP again can receive new KSP for free from Klayswap whenever a new cryptocurrency is released, like an “event”. This is called an “airdrop.
In fact, according to the transaction history of Kim’s Kakao e-wallet “Clip”, he deposited coins such as Wimix on Klayswap on several occasions and received KSP as a reward, and then deposited KSP back to Klayswap.
KlaySwap also provides a virtual currency exchange service. On KlaySwap스포츠토토users can act as a “liquidity provider (LP)” to exchange (swap) coins like a virtual currency exchange. In this way, on February 16 last year, Representative Kim Nam-kook exchanged more than 510,000 WeMix coins (worth $3.6 billion) for more than 590,000 KlayPay tokens. In this case, the value of the ClayPay tokens that Kim received in exchange for the 3.6 billion won worth of Weemix was 2.1 billion won.
In the virtual currency industry, it was said that “ClayPay tokens are a little-known startup coin and a job coin, but it is unusual for Kim to exchange coins with laughing money.” The ClayPay token was released on January 19 last year, and the company that created the virtual currency has been closed since the middle of last year.