CoinWorld reported that Kim Nam-kuk, the digital communication secretary of the South Korean presidential office, was acquitted in the appeals stage of a lawsuit related to cryptocurrency holdings. He had previously been accused of deliberately concealing a large amount of cryptocurrency assets in his asset declaration as a member of parliament. Prosecutors had alleged that Kim Nam-kuk transferred funds from some cryptocurrency exchanges to bank accounts before formally declaring his assets in 2021 and 2022, and then exchanged them back into digital assets, aiming to obstruct the ethical review of officials' property declarations. The indictment from last August highlighted the controversy of the case and the public pressure for regulations on how public officials declare digital assets.