Wacon’s CEO Arrested In $365 Million Crypto Scam

Quick Summary:

A South Korean CEO has been arrested for allegedly orchestrating a $365 million crypto scam targeting thousands, particularly the elderly.

This scheme, valued at over 500 billion won (around $365 million), specifically targeted elderly individuals with false promises of high returns.

The damage is estimated at 1 trillion won, including Wacon’s losses and funds from other investors.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaSouth Korea

Topics: News Crypto Scam $365 Million Arrested Latest News Wacon CEO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 08:26:23 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 540 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22074598

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 13 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Website Security: Secure (HTTPS)

Publisher ID: #121

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