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Among virtual currencies, we have obtained a transcript of a conversation containing the circumstances in which the CEO of Hdac Coin, also called 'Hyundai Coin', tried to manipulate the coin price through external forces. According to the remarks contained in the recording, the coin price even jumped.



This is the exclusive report by reporter Kim Min-jung.



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



The company issued the cryptocurrency 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, would 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.]



Explain that people who call themselves experts can make prices go up and down.



[Mr A (January 2, 2021): If I told you to support it at 17 won, you would have kept supporting it, and then it wouldn't drop below 17 won, but now I'm intentionally falling...

I haven't bought them all yet, so I'm trying to drop them right now.

(Omitted) However, this is not Hdac once, but if I look at it, I can eat it about 10 times.] After making



this remark, the actual Hdac coin price has risen.



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 it start uploading around 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 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.



(Video coverage: Cho Chun-dong, video editing: Lee Seung-jin, CG: Choi Jae-young, Kim Jeong-eun)