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Recently, the dispute between the Sui project and the Financial Supervisory Service of South Korea has become one of the focuses in the field of digital currency. The two sides have engaged in a heated debate on the Sui project and asset issues, which has even affected the price of tokens. The following will review this matter.

1. Sui was investigated by Korean regulators and the project was suspected to be a scam

Recently, South Korean senior officials have launched a campaign against Sui.

First, according to Coingraph, Lee Bo-hyun, director of the Financial Supervisory Service of South Korea, said that he would investigate Sui to determine whether it was a scam. The regulator pointed out that the price of the SUI token fell sharply, mainly because it falsely reported the circulation volume. In addition, Min Bingde, a member of the Democratic Party of Korea, also criticized the inaction of the Digital Asset Exchange Joint Consultative Agency (DAXA) and pointed out Sui's circulation problems. Director Lee responded that the Financial Supervisory Service would investigate this and take corresponding actions.