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South Korea Police Arrest 215 in $232M Crypto Scam

TheNewsCrypto LogoTheNewsCrypto1d ago

South Korea Police Arrest 215 in $232M Crypto Scam - TheNewsCrypto

Quick Summary:

South Korean police have apprehended 215 individuals tied to a large-scale cryptocurrency investment scam, responsible for defrauding over 15,000 people and causing losses of 325.6 billion won ($232 million).

The group listed the tokens on foreign exchanges through brokers, while market-making teams artificially inflated prices to deceive investors further.

The scam involved 28 different tokens, six of which were created and manipulated by the ringleader and his associates.


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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 12:24:39 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23572771

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About TheNewsCrypto

TheNewsCrypto Logo

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 12 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

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The story "South Korea Police Arrest 215 in $232M Crypto Scam" was covered 1 days ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

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TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in United Arab Emirates and publishes an average of 12 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #23572771
  • URL: https://beamstart.com/news/south-korea-police-arrest-215-17315121087309

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