Reported 11 days ago
South Korean police have arrested 215 individuals suspected of orchestrating a $228 million cryptocurrency investment scam, the largest in the country's history. The suspects, including the alleged leader of the crime ring, are accused of selling 28 different virtual tokens to about 15,000 investors by promising high returns. Authorities described these tokens as 'worthless' and stated that the group had established investment consultancy firms to promote their fraudulent assets.
Source: YAHOO