South Korean ruling party lawmaker accused of 'suppressing Upbit and seeking employment for his son Bithumb', I deny the allegations According to BlockBeats, on December 29th, Kim Byung ki, the representative of the ruling Democratic Party in South Korea, is facing pressure to resign. Multiple South Korean media outlets have revealed that he was accused of having his son intern at rival Bithumb during a congressional campaign to criticize Upbit, South Korea's largest cryptocurrency trading platform, which has raised serious concerns about potential conflicts of interest. A former assistant of Jin Bingji said that at Jin's request, the team was instructed to "attack" Upbit operator Dunamu in Congress, with a focus on accusing it of market monopoly issues. The relevant directive reportedly occurred in February of this year, when Kim Byung ki was still a member of the Parliamentary Affairs Committee, which directly regulates domestic financial institutions and cryptocurrency trading platforms. According to investigative media NewsTapa, Kim Byung ki's son was "quickly arranged" as an intern for Bithumb's data analysis team shortly after his father's private meeting with Bithumb in November 2024. In the following weeks, Kim Byung ki repeatedly criticized a "monopolistic trading platform" at committee meetings, although not named, it was widely interpreted as pointing directly at Upbit. Jin Bingji also mentioned that the trading platform was found to have about 700000 violations during anti money laundering and KYC checks, but did not make similar comments on other exchanges (including Bithumb) that were also found to have problems. Bithumb denies any inappropriate behavior in this regard, stating that the recruitment process is "open and transparent"; Jin Bingji himself also denies the allegations, emphasizing that his remarks are only a principled statement against monopoly, and his son's employment has nothing to do with his legislative activities.