TechFlow news, May 30 — According to Newsis, South Korean police reported that a key suspect and case manager surnamed A, who was wanted for alleged virtual asset investment fraud, has been apprehended overseas after nearly two years on the run and transferred to prosecutors. Police allege that between 2021 and 2023, the suspect participated in a fraud ring that lured former consulting firm clients with promises of "high returns," selling them 28 worthless cryptocurrencies, defrauding approximately 10,000 victims of 320 billion won (about $230 million).
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