Klaytn Faces Embezzlement Accusations Involving Kakao Affiliates: Legal Challenges Arise

Klaytn, a domestic blockchain platform, has been in trouble as accusations have been made that it was used for embezzlement and embezzlement by executives of Kakao’s affiliated companies. However, in response to the difficulty of establishing the charges against Klaytn filed by prosecutors, Partner Attorney Ohoon Kwon commented, “Private sales of virtual assets are usually conducted with virtual assets such as Ethereum rather than cash, so the standard of accounting is not clear, and it is difficult to verify the use of the cash acquired, so it cannot be considered embezzlement.”

URL : Klaytn Faces Embezzlement Accusations Involving Kakao Affiliates: Legal Challenges Arise