🚨 Million-dollar cryptocurrency mining scam in Seoul, South Korea
🔮After an elaborate manhunt, Seoul police have finally arrested 14 suspects in a $12.8 million cryptocurrency mining scam.
🎭 The main culprit is a man in his forties named Lee, who went through cosmetic surgery and a fake phone to evade police. It's straight out of a movie!
🔍 Police in the South Korean capital announced on August 30 that Lee had been detained after a 10-month investigation. He was accused of defrauding 158 victims of their money through a fake cryptocurrency mining business between November 2021 and June 2022.
💼 Lee is said to have defrauded 16 billion won from victims and embezzled 4.5 billion won for himself. In order to make himself look more legitimate, he even hired four top headhunters and four mid-level brokers, who played a key role in convincing investors.
📚 In July 2022, the Seoul police collected 21 lawsuits and charges against Lee from all over the country and began an in-depth investigation. The investigation found that Lee spent 20 million won on plastic surgery in order to evade capture.
👮♂️ Despite Lee's efforts, he was ultimately unable to escape the law. He has been evading arrest since September last year, but during his hiding, he was helped by a law firm office manager who helped him find a plastic surgery hospital and provided a fake mobile phone.
🔏 In addition to Lee, eight recruiters who played an important role in the scam were also arrested and handed over to the prosecution in September last year and recently.
This scam warns us that we must pay attention to potential risks when pursuing returns on cryptocurrency investments. Investors should conduct thorough due diligence before investing, and regulators need to implement effective supervision of this emerging field to prevent fraud.
For the benefit of all participants, we need to work together to create a safer and more sustainable cryptocurrency market. Strengthening investor education and regulatory enforcement is key to ensuring market integrity and order.
💭What do you think of this scam? How would you protect yourself from scams in cryptocurrency investment?See you in the comments section!
