South Korea's Seoul Southern Prosecutors' Office arrested and indicted 4 virtual asset fraud suspects, including QUEENBEE CEO

According to TechFlow, according to News1, the Virtual Asset Crime Joint Investigation Team of the Southern District Prosecutor's Office in Seoul, South Korea, said that it had arrested and prosecuted 4 people for fraud, including the actual operator and CEO of the QUEENBEE (QBZ) project. The team had no intention of conducting QBZ token business from the beginning, but obtained about 15.1 billion won (about 10.88 million US dollars) from about 4,000 victims through false listings and market manipulation. Then in March and April 2021, it sold all the remaining tokens at a high price to a professional scam token processor, making another profit of 15 billion won.