The son of South Korean Chairman Kim Sang-cheol has been detained and handed over to the court on suspicion of raising funds using virtual assets. He is accused of creating a fund worth 9 billion Korean won using the virtual currency ARW. The fund invested in Hancomwith, a blockchain company and subsidiary of Hancom.According to prosecutors, from December 2021 to June of last year, they commissioned a South Korean virtual asset consulting company to sell 14,571,344 ARW and transferred approximately 8.03 billion Korean won worth of Ethereum (ETH) and Bitcoin (BTC) to Kim's personal digital asset wallet after deducting fees.In addition, in March of last year, the company requested an overseas digital asset-related company to manage and sell 4 million ARW, and received digital assets worth 1.57 billion Korean won from the operation into Kim's personal wallet.