Prosecutors seek nine years in prison in the second trial of Hancom Group's second son for "9.6 billion won in virtual currency slush funds."

Prosecutors demanded a nine-year prison term in the appeal trial of Kim, the second son of Hancom Group Chairman Kim Sang-chul, who was accused of raising slush funds worth 9 billion won in virtual currency and spending them privately.

The prosecution argued that the damage suffered by ordinary investors due to Kim's crime has not yet been recovered, and that the six-year prison sentence sentenced in the first trial is too light.

Kim is accused of raising 9.6 billion won in slush funds by selling the virtual currency "Arowana Token" through a consulting firm from December 2021 to June of the following year to receive Ethereum and Bitcoin.

It was investigated that Kim used the slush funds he created for personal purposes.

In July, the first trial sentenced Kim to six years in prison, claiming that he reimbursed about 5.1 billion won and that the victim company issued a non-application for punishment.