Suspected Scam Coin Operator Arrested in South Korea
A suspected scam coin operator has been arrested in Gimpo, Gyeonggi Province, South Korea. The arrest is believed to be connected to the controversy surrounding the blockchain firm Winnerz. According to reports, the Gimpo police have charged two individuals in their 20s with fraud. The individual charged with fraud is described as the CEO of a cryptoasset-related company that used celebrities to promote a coin. One of these celebrities, Lee Chun-soo, a former national team soccer player, has stated that his images were used without his permission by the GDG coin project. The police have accused the individual of defrauding investors out of over $2.25 million.
Firm at Center of Media Maelstrom Denies Wrongdoing
Winnerz, the firm at the center of this controversy, denies any wrongdoing and claims no affiliation with the various “scam” tokens associated with Winnerz. However, netizens have accused one of the individuals arrested of being Choi Seung-jung, who is believed to be affiliated with Winnerz and responsible for the GDG project. The police plan to complete their investigation soon and hand the case over to the prosecution. The suspects have been released pending a court hearing.
Celebrities Distance Themselves from Winnerz
In recent weeks, YouTubers, TV personalities, and social media stars have distanced themselves from Winnerz after allegations of a “multi-level scam” emerged online. Anonymous investors claimed they had taken their case to the police. Additionally, YouTuber Oking admitted to making anonymous investments in Winnerz in a video he published last week.
Regulators May Investigate K-pop Star’s NFT-powered Concert Ticket Sales
Regulators in South Korea have also hinted at the possibility of investigating the NFT-powered concert ticket sales of K-pop star PSY. This comes as authorities increase their scrutiny of so-called “scam coin” projects like Winnerz.
Conclusion
The arrest of a suspected scam coin operator in South Korea is shedding light on the controversy surrounding Winnerz and its alleged involvement in fraudulent activities. The use of celebrities to promote coins without their permission, as well as accusations of defrauding investors, has raised concerns about the integrity of the crypto industry. As regulators and authorities continue to investigate such cases, it remains crucial for investors to exercise caution and conduct thorough research before engaging with any crypto-related projects.
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