[Blockchain News] Byun Young-oh, CEO of South Korean technology company Wacon, was arrested on suspicion of planning an ETH-related cryptocurrency scam. Seoul prosecutors will indict Byun and another suspect, Yeom, for fraud. The MainEthernet wallet service operated by Wacon has been unable to withdraw cash normally since the summer of 2023, with about 500 victims, mainly elderly people. Byun had promised a return on investment of up to 45%-50% and denied the Ponzi scheme allegations. Prosecutors are investigating whether there are more victims or accomplices. What do you think? 💬#Blockchain#Scam #ETH