[On-site Video] "6.1 Billion KRW in Cryptocurrency Unrecoverable"... Visiting the Office of 'Muk-Twi' Exchange Bitsonic

The office has been sparsely staffed since February... The customer center has already withdrawn

[Asia Economy Reporter Han Seung-gon, PD Yoon Jin-geun] The cryptocurrency exchange ‘Bitsonic’ has sparked controversy for failing to allow investors to withdraw their funds, leading to a police complaint being filed. It has been revealed that the office in question has been inaccessible for a long time.

The location registered as the exchange address on the ‘Bitsonic’ website, somewhere in Songpa-gu, Seoul, was found with its entrance door closed as of 10:30 a.m. on the 26th. A notice on the office window stated that “work from home is being implemented due to COVID-19.” The office address of ‘Bitsonic’ is registered under the name of an IT company.

According to information gathered from nearby merchants and others, the office has been closed and rarely accessed since around February 2021. Residents who requested anonymity said that police, reporters, and investors who suffered losses have visited the office for quite some time, but the door remained closed.

The customer center registered in Gangnam-gu has recently been occupied by another company. It is known that ‘Bitsonic’ recently vacated the office.

Meanwhile, according to the law firm Daegun representing the complainants, 39 members of the ‘Bitsonic’ exchange filed a complaint on the 25th with the Seoul Metropolitan Police Agency against operator A, accusing him of fraud, embezzlement, breach of trust, and forgery of electronic records under the Act on the Aggravated Punishment of Specific Economic Crimes. The amount of damage is estimated to be approximately 6.16 billion KRW based on the cryptocurrency closing prices as of the 11th.

This content was produced with the assistance of AI translation services.