South Korean Police Arrest 215 in Suspected $232M Crypto Investment Scam Investigation: Yonhap

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Callan Quinn is a Hong Kong-based news reporter at CoinDesk. She holds more than $1,000 of ETH.

An unidentified YouTuber ran a fake investment company and induced Koreans to invest in worthless tokens, South Korean police said.'High Likelihood' Cardano Founder Charles Hoskinson Will Become Trump's Crypto Advisor

The Gyeonggi Southern Provincial Police Agency's Anti-Corruption and Economic Crime Investigation Unit said the arrests included staff from a fake investment consulting firm and an unidentified YouTuber with 620,000 subscribers. Gyeonggi is a South Korean province that surrounds the capital, Seoul.

 

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