People Power Party: 'Bithumb incident—financial regulators also bear responsibility'

Kang Myung-gu, a lawmaker of the People Power Party, raised the issue of accountability by financial authorities over the Bithumb incident.

On the 11th, Rep. Kang attended a plenary meeting of the National Policy Committee held at the National Assembly and said, "The financial authorities are describing this incident as a case that exposed vulnerabilities in the virtual asset (cryptocurrency) market, but that looks like a kind of attempt to evade responsibility," adding, "They could have inspected the system already based on the 2018 Samsung Securities case."

He continued, "Rather than first working to strengthen the supervision and oversight of financial supervision and fill institutional gaps, it is not desirable to stir up unnecessary and wasteful controversy and delay the enactment of the Framework Act on Digital Assets," he added.