TechFlow news, according to the Seoul Economic Daily, South Korean prosecutors are seeking an arrest warrant for a suspect accused of manipulating the cryptocurrency market. The suspect, known as "Jonbur Kim" or "HODL Kim," is under investigation by the Seoul Southern District Prosecutors' Office in conjunction with its joint crypto-crime investigation unit, which has filed a pre-trial detention request for HODL Kim.
HODL Kim is suspected of bribing employees at the Coinone exchange to list its POD token and subsequently manipulating its market price, resulting in the theft of over 20 billion South Korean won (approximately $14.5 million USD).
Add to Favorites
Share to Social Media
