Kang Seung-kon, co-CEO and largest shareholder of K-pop company Cube, has been accused of misleading investors into investing in the cryptocurrency Nestree. Cube invested 100 million won (about $68,000) in Nestree Media Group in March 2022, after which the price of Nestree soared nearly 10 times to 50 won in a month. Victims claimed that Kang Seung-kon promised to protect their principal during the rise in the price of the currency, but denied the promise when the price of Nestree plummeted to single digits. Investors are considering taking legal action against him, but Kang Seung-kon denies the allegations. (The Block)