*🚨💹👌South Korea's Largest Newspaper Embroiled in $3 Billion Crypto Scam* 🚨
Chosun Ilbo, South Korea's largest daily newspaper, faces allegations of promoting a massive crypto scam involving the KOK token. Victims claim the newspaper's subsidiaries, IT Chosun and Digital Chosun Ilbo, ran ads and articles that legitimized the scam.
*The Scam Unfolds*
- IT Chosun advertises KOK token in April 2022 📢
- Digital Chosun Ilbo covers KOK Foundation award ceremony 🎉
- Token price plummets from $7 to $0.0003129 📉
- 2 million investors lose $2.97 billion 💸
*Investigation and Fallout*
- Authorities probe Chosun Ilbo's role in the scheme 🔍
- Lawmakers demand thorough investigation 🗣️
- Regulatory concerns spark calls for stricter crypto oversight 📊
*Regulatory Changes*
- South Korea's Financial Services Commission prioritizes stablecoin regulation 📈
- Exchanges to pay oversight fee to Financial Supervisory Service 💰
- Stricter crypto market oversight imminent 🔒
*Quote from a Victim:*
"We trusted Chosun Ilbo's credibility, and now we've lost everything."
*Stay Informed:*
Follow updates on the Chosun Ilbo crypto scam investigation.
#CryptoScam #ChosunIlbo #KOKToken #SouthKorea #Regulation
Sources:
[1] Chosun Ilbo Official Statement
[2] Victim Testimonies
[3] Crypto Market News
