Former Executive of Virtual Asset Exchange Fired After FIU Sanction Found Dead

Former Executive of Virtual Asset Exchange Fired After FIU Sanction Found Dead

Usually complained to acquaintances about financial difficulties and injustice... Police: "No criminal connection"

A former executive who had worked at a domestic virtual asset exchange and left the company due to sanctions from the Financial Intelligence Unit (FIU) has died.

According to the police and the virtual asset industry on the 21st, Mr. A (51), a former executive of a domestic virtual asset exchange, was found dead at his home in Yeongdeungpo-gu, Seoul, around 4:24 PM on the 13th.

Mr. A, who lived alone without family, reportedly left a message asking a close acquaintance to arrange his funeral, and was found after the acquaintance reported it to the police.

Mr. A had worked at the virtual asset exchange for several years, and was fired in May of last year after the company received a partial business suspension for violating the Act on Reporting and Using Specified Financial Transaction Information (Special Financial Information Act) from the FIU, along with disciplinary action against its executives and employees.

He filed a lawsuit against the FIU, "Claim for Annulment of Measure Request," and won in the first trial last month. The FIU then appealed, and he was awaiting the results of the second trial.

Mr. A reportedly had not been working for the past six months and had been responding to the lawsuit, and had complained to his acquaintances about uncertainty about the future and financial difficulties.

The police stated that they see no criminal connection regarding Mr. A's death.

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