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SOUTH KOREA POLICE ARREST 215 IN $228 MILLION CRYPTO FRAUD

Mario Nawfal

@MarioNawfal
ЁЯЪиЁЯЗ░ЁЯЗ╖SOUTH KOREA POLICE ARREST 215 IN $228 MILLION CRYPTO FRAUD

South Korean police have arrested 215 suspects, including the alleged mastermind, in a $228 million cryptocurrency scam.

Authorities report that the group sold 28 тАЬworthlessтАЭ tokens to around 15,000 investors, using fake promises of high returns.

6 of the tokens were listed on overseas exchanges, with market makers pushing up their prices.

The group even set up investment firms and used YouTube to attract victims.

Source: Reuters