An official from South Korea’s Financial Supervisory Service (FSS) has reportedly said that an investigation is underway into claimed insider trading within his organization.

Choi Heung-sik, governor of the FSS, said he will make public any findings on the allegations of illegal trading of cryptocurrency by one of its staff members. According to the Korea Times, Choi said:

“We’ve acknowledged allegations that an FSS official sold crypto-assets based on insider information before the government’s updated announcement to regulate the market. We are looking into this case.”