The Korean Sports Association revealed that its internal employees embezzled public funds to buy Bitcoin and other violations

An internal audit conducted by the Korean Sport & Olympic Committee in October last year revealed multiple employee violations. An employee, A, used the company's corporate card to purchase beef and other items worth about 600,000 won, and embezzled a total of about 9.5 million won of public funds by forging documents and manipulating internal company emails. Of this, the employee used 3.5 million won to invest in Bitcoin. In addition, A was found to have used the corporate card to embezzle about 4.6 million won of public funds at places such as Japanese restaurants. The Korean Sport Committee has fired A and filed a complaint with law enforcement agencies on charges of embezzlement and fraud.