Employees of the South Korean Sports Committee stole colleagues' salaries to invest in Bitcoin

ChainCatcher news, according to JTBC, the Korean Sports Council conducted an internal review and found that an employee misused the company credit card to purchase beef and embezzled the salaries of other employees to invest in Bitcoin.

The audit results showed that the employee misappropriated the company credit card from the Athletes' Village Operations Department to purchase approximately 600,000 won worth of beef and other items. By forging company emails, they transferred about 3.5 million won (approximately 2,573 USD) of other employees' salaries into their own account and used this money to invest in Bitcoin, spending about 4.6 million won (approximately 3,383 USD) of public funds at places like Japanese restaurants using the company credit card.