Kim Nam-guk, a member of the Democratic Party of Korea, has been accused of purchasing 'Mabrex (MBX)' before its listing. In response, Netmarble, the issuer of Mabrex, denied providing any prior information related to this matter.
On the 12th, Netmarble stated in a press release, "We have never provided any prior information regarding MBX coins to anyone, including Representative Kim Nam-guk." MBX is a coin issued by Netmarble for game money transactions.
Coins are generally traded through two methods: decentralized exchanges like ClaySwap and centralized exchanges such as Upbit, Bithumb, and Coinone. Unlike stocks, coins can be freely traded among investors on decentralized exchanges even if they are not listed on centralized exchanges.
In fact, MBX has been tradable among individuals holding various coins on decentralized exchanges since March 17. From May, it became possible to trade MBX on centralized exchanges through additional listings.
Netmarble announced its plan to list MBX in the first quarter of last year. Around April of last year, when MBX flowed into Representative Kim’s coin wallet, the listing plan was already widely known in the market and was not considered valuable information.
After verifying the account involved in the current controversy, Netmarble confirmed that the owner of the account acquired MBX by exchanging multiple coins they already held around April 2022 with unspecified others through decentralized exchanges.
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