A South Korean civil servant embezzled 497 million won of public funds for personal cryptocurrency investment and debt repayment

Odaily News According to an investigation by the Korean Audit and Inspection Commission (BAI), a civil servant in Cheongju City, South Korea, embezzled 497 million won (about 342,000 US dollars) of public funds for personal cryptocurrency investment and debt repayment. It is reported that the official's corruption activities lasted for nearly 6 years (November 2018 to May 2023), and forged documents and used the mayor's seal to open a bank account in the name of the city hall, and embezzled funds through the account. (Decrypt)