“Lawmaker Dodges Crypto Bullet: Not Guilty in Coin Gate Fiasco!”

by

Oh, you haven’t heard? South Korea’s own Kim Nam-guk, the Coin Gate scandal poster child, just did the legal equivalent of a backflip in court and landed in the ‘not guilty’ pile. 🤸‍♂️

Seoul Southern District Court’s own superhero, Judge Jeong Woo-yong, swooped in and declared Kim’s crypto capers were more like “cryptic confusion” than actual crime. According to News1, the judge was all, “Nah, we can’t call that a crime.” 🚫🔐

Kim, the South Korean official with the crystal ball for crypto, was supposed to have used his government gig to get the inside scoop on crypto laws and then presumably do the “right” thing and report his digital dough. 🤑

Prosecutors were all, “He’s a sneaky snake who sold his crypto and made it rain in his bank account!” but the court was like, “Where’s the beef?” 🐍💸

Turns out, crypto was the cool kid that didn’t have to play by the rules back then. So Kim’s “mishaps” with his crypto math were more of a “my bad” than a “lock him up.” 📉🔢

Even though Kim’s crypto confession was a bit like trying to explain the plot of “Inception” after one too many drinks, the judge was like, “Eh, we’ve all been there.” 🍷🎥

Prosecutors were so ready to throw the book at Kim, they were eyeing a cozy six-month vacation for him in the clink. But nope, Kim’s walking out of court with his head held high and his crypto wallet a little lighter. 🏛️✨

Kim’s reported wealth? A modest 1.2 billion won. The prosecution’s version? A cool 9.9 billion won. Talk about a “crypto conversion” gone wild. 💸📈

Read More

2025-02-11 13:45