### Hancom Chairman Indicted Over Cryptocurrency Slush Fund Kim Sang-cheol, chairman of Hancom Group, faces indictment without detention for allegedly creating a 9.6 billion won slush fund using virtual assets. Newsis reports that Kim is accused of misappropriating company-owned Arowana Tokens and unauthorizedly disposing of Bitcoin obtained from token sales. ### Allegations of Misuse and Illegal Transfer Prosecutors allege that Chairman Kim disguised the Arowana Token sale as a legitimate business activity. He then allegedly transferred approximately 9.6 billion won worth of Bitcoin and other virtual currencies acquired from these sales to his son, using the funds for personal expenses. The investigation continues to determine the full extent of the misappropriation. ```