PANews reported on November 13 that according to Yonhap News Agency, South Korean police arrested 215 people suspected of being involved in a cryptocurrency investment scam. The scam defrauded about 15,000 investors of about 300 billion won (US$213 million) on the grounds of high returns. Among those arrested were 12 key figures, including the mastermind of the scam, a YouTuber in his 40s with 620,000 subscribers. He turned to cryptocurrency after the stocks he recommended in 2020 were suspended from trading, which led to customers of his investment consulting platform demanding refunds.
South Korean police uncovered a $213 million crypto investment scam, the mastermind was an internet celebrity with 620,000 followers
- 2024-11-24
Is the altcoin market coming? Four indicators to judge
- 2024-11-23
A Crypto Map of Trump’s New Administration: A Look at the Crypto Holdings and Policy Positions of Key Decision-makers
- 2024-11-23
Weekly highlights: Bitcoin price approaches $100,000; Solana price hits new high; DeSci meme explodes
- 2024-11-23
SOL breaks through historical high, is the “copycat season” really coming?
- 2024-11-23
XRP leads the rise, old-line currencies recover, is the full-scale altcoin season coming?
- 2024-11-22
U.S. Blockchain Association Submits Crypto Regulation Recommendations to Trump Administration