South Korea rocked by alleged celebrity crypto scandal
Most accused celebrities came out to deny their links to the fraudulent schemes, while a few involved have ceased all relationships with the accused firm.
South Korea has been hit by an alleged crypto scandal linked to many popular celebrities and YouTubers involving the promotion of a fraudulent scheme.
According to a report published in the Korean Herald, Winnerz, a blockchain sports platform based in South Korea that runs multiple businesses, including cryptocurrency issuance, was accused of operating a coin scam. The alleged fraud came to light after anonymous investors complained that the company was issuing fake cryptocurrency, collecting investments, and preventing investors from withdrawing their money.
The scheme was reported to the National Police Agency on Feb. 5 after being reported to the National Civil Service earlier.
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