Investment Coin is 'BitTorrent' Not 'Wemix'
62-Fold Surge in 2021 When Rep. Kim Invested
Timing and Details of Investment Still Unclear
Claims have emerged that the cryptocurrency invested in by Kim Nam-guk, a member of the Democratic Party of Korea who sparked controversy over holding coins worth tens of billions of won, is not 'Wemix' but 'BitTorrent.' On the 9th, JTBC reported, "The coin Kim Nam-guk purchased by selling stocks in 2021 was BitTorrent, not Wemix," adding, "It is a coin that rose tenfold in just two months, and depending on the timing of the investment, the capital gains could have been substantial."
According to JTBC, it was identified that Representative Kim invested a large amount of money in BitTorrent. BitTorrent was a coin that became a hot topic among cryptocurrency investors due to its volatile price fluctuations at the time. When Kim started investing in cryptocurrencies in February 2021, the price of BitTorrent was around 0.3 won. Two months later, in April, it soared to 18.8 won. Based on the highest price, it increased by 62 times. Afterwards, it repeatedly crashed, fluctuating between 2 and 4 won. Currently, after a 1:1000 stock split, it is 0.0008 won. Converted to Kim’s investment period, it is 0.8 won.
JTBC stated, "Depending on when Representative Kim bought and sold BitTorrent, he may have seen significant capital gains," and added, "There is likely to be growing demand for him to disclose the circumstances that led to his investment in the coin."
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