According to Foresight News, Kang Seung-kon, CEO of South Korean entertainment company Cube Entertainment, has been accused of participating in a crypto investment scam, according to The Block. He is suspected of encouraging acquaintances and colleagues to invest in Nestree, a cryptocurrency owned by South Korean blockchain company Nestree Media Group. Nestree's price reached 59 won on March 28, 2022, and then fell 34% to 39 won in 1 month, and fell to single digits at the end of the year.
Previously, Cube partnered with Animoca Brands to form an NFT-focused joint venture in 2022.