The ruling party representative in South Korea has been accused of launching an attack on Upbit after his son secured a position at Bithumb

According to DL news, Kim Byung-ki, the floor leader of South Korea's ruling Democratic Party, has been accused of attacking the South Korean cryptocurrency exchange Upbit after his son obtained an internship position at Bithumb.

A former assistant of Kim revealed that he was suddenly instructed in February to "attack" Upbit's operator Dunamu, claiming that its "monopolistic" market dominance is a serious issue. It is reported that this instruction came shortly after Kim's private meeting with Bithumb.

Kim denied these allegations, stating that he merely expressed the common-sense view that "no company's monopoly can be justified" and emphasized that Bithumb's operations and hiring "have nothing to do with me."