‘HASHED’ A SOUTH KOREAN INVESTMENT FIRM IS UNDER TAX INVESTIGATION
Snapshot
- The Hashed is a major crypto investor of South Korea with its multi million crypto portfolio with investments into Axie Infinity, Sandbox and Terra etc.
- The reasons for the investigation have not been disclosed by the authorities but the firm claims full compliance with the investigation.
Hashed is one of the major crypto investors from South Korea and has recently announced a $200 million fundraising for Web 3.0 projects. After the week of the announcement, the firm is being investigated by the 4th Bureau of Investigation of Seoul’s Regional Tax office.
The 4th Bureau of investigation is responsible for the investigation of the cases of tax evasion and fraud. Though the reason for the audit has not been disclosed yet, it can act as a sigh of relief for Hashed as no company investigated by the 4th bureau has been reported for prosecution in the past year.
Hashed is a well known South Korean crypto investor with its multi million crypto portfolio with investments into Axie Infinity, Sandbox and Terra etc. The firm has claimed that it has fully cooperated with the investigation authorities and has provided all the information required by the authority.
The investigation was done just after last week’s announcement of the delay of capital gains tax on crypto by the South Korean Government due to the upcoming presidential elections in 2022.
Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.
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