According to ChainCatcher, Busan police in South Korea arrested a group of fraudsters who used cryptocurrency futures investment as a cover. On November 21, the police detained the main culprit A and 24 others.
Police investigations showed that from October last year to May this year, A and others set up a fake investment website, pretending to be investment experts, and induced 134 victims to participate in an "investment guidance group" through social media advertisements and text messages, promising to protect principal and high returns, and defrauded a total of about 6.5 billion won.