According to Yonhap News, a Grade 7 accounting staff member at an administrative welfare center in Yeongcheon City, Gyeongsangbuk-do, South Korea, is suspected of transferring approximately 2.5 billion won (around $1.8 million) in public funds into their personal account through about 230 fake transactions in the local financial management system from November last year to last month. Police are investigating whether the embezzled funds were used for cryptocurrency investments. Yeongcheon City reported the case on July 14 and has dismissed the employee. The mayor stated that they will hold those responsible accountable and recover the misappropriated funds. https://(wublock123.com)/news/south-korea-yeongcheon-official-embezzles-25bn-won-crypto-investment-64941