South Korea
Digital Asset
Why Crypto Asset Source-of-Funds Investigations Are Struggling: 'Data Gaps' from Defunct Exchanges and Wallets
- The event was held on October 28 at the Korea Foundation for Advanced Studies (KFAS) building in Gangnam-gu, Seoul, hosted around source-of-funds investigation response cases and Cryptofin's features.
- Kim Ji-ho, CEO/tax accountant at Seum Tax, said that once an exchange shuts down, obtaining original past transaction data becomes very difficult.
- Key difficulties cited include recovering records from defunct exchanges, assessing the nature of personal wallet transactions, and analyzing data from overseas exchanges.