Data: Crypto whales increase holdings by 99 billion SHIB, valued at nearly 3.8 million US dollars.

On December 7, it was confirmed that Hashed, the national cryptocurrency bank, had been investigated by the National Tax Service. Hashed, director of development Edward Hong, said the investigation had nothing to do with tax evasion or money laundering. He said: "At the moment, it is not possible for Koreans to cancel taxes or raise funds illegally because they have not paid taxes on the cryptocurrency." Hong said Hashed pays taxes as an individual, not as a business, because Hashed invests in cryptocurrencies through his own funds, which are owned by the company's co-founders. In Korea, trading in cryptocurrencies is prohibited.