Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

South Korean prosecutors are gearing up to prosecute a crypto market maker accused of orchestrating a $59 6 million altcoin fraud scheme The individual, known as Park and nicknamed Jon Bur Kim, was apprehended earlier this month on charges related to price manipulation The case has raised eyebrows in the crypto community, shedding light on the darker side of the market Mastermind Behind the Scheme Prosecutors allege that Park, also referred to as “the coin King,” defrauded approximately 18,000 investors and splurged the ill-gotten gains on luxurious items, including expensive cars...

South Korean crypto Market Maker Faces Charges in $59 6 Million Scam coin Case In a recent development in the crypto world, South Korean prosecutors are preparing to bring a prominent crypto market maker to trial for his alleged involvement in a $59 6 million scam coin scheme The individual, known as Park and nicknamed Jon Bur Kim, was apprehended earlier this month on suspicions of engaging in price manipulation activities Prosecutors believe that Park, also referred to as “the coin King,” managed to deceive around 18,000 investors and used the ill-gotten funds to purchase luxury vehicles, including a Bugatti...