South Korea2026.10.19Block Media

Rep. Min Byung-deok: Fraud mimicking Dunamu's 'GIWA' blockchain caused 2.8 billion won in damages, FSS was unaware

• Rep. Min Byung-deok raised the case during the FSS audit by the National Policy Committee on October 19.
• Scammers created a fake chain impersonating Dunamu's blockchain 'GIWA,' causing about 2.7-2.8 billion won in victim losses.
• Min also alleged that people connected to the fraudulent coin KOK were employed at blockchain firms, and criticized the FSS for not having identified the case.