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The CEO of Hdac Coin, also known as 'Hyundai Coin', has obtained a conversation transcript containing the circumstances in which he tried to manipulate the coin price through external forces. Coin prices also fluctuated according to the remarks contained in the transcript.



Correspondent Kim Min-jung.



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Hdac Technology is a blockchain technology company founded by the 3rd generation Hyundai HN President Dae-sun Jeong.



The company issued the virtual currency Hdac Coin in 2017.



However, SBS reporters secured a recording file in which Hdac Technology CEO A said that he could raise the coin price by mobilizing external forces.



The recording file begins with a statement in early January of this year that the coin price, which was at the time of 15 won, will more than double.



[Mr. A (January 2, 2021): Buy and sell, buy and sell, and put it on top? I thought it wouldn't be a problem even if I did it this way, so I thought, 'Should I raise it to 40 won?' There are thoughts like this.] There are also



references to external forces.



[Mr. A (January 2, 2021): You have to ask the experts. I have two kids working right now, and there are other teams besides the two. They're the batting experts. Public money because company funds are in it. I'm doing it with that money, but I can't do it without my permission.]



At the end of July, the CEO brings up the talk of price manipulation more blatantly.



[Mr. A (July 27, 2021): If the kids who work don't raise 400 won, they don't get any commission.

They have to upload it somehow.

Will you start posting in August?

Anyway, I want to go for 200 won unconditionally.] In



fact, this coin price, which dropped to 25 won in June, rebounded in August, soared to 194 won in September, and then fell again in October.



Mr. A said that he had reviewed a plan to increase the coin price because he thought it would be helpful for the business, but he did not actually implement the review.



He also explained that the period of significant price rise and fall was the time of major events such as the release of significant stocks, the announcement of a business roadmap, and the opening of the mainnet, an independent ecosystem of Hdac.