The mastermind of a South Korean crypto scam involving over $200 million was arrested two years after fleeing overseas

On May 30, according to Newsis, the South Korean police reported that a key suspect in the virtual asset investment fraud case, the case manager A, was recently arrested and transferred to the prosecution after absconding overseas for nearly two years. The police accused him of participating in a fraudulent organization from 2021 to 2023, using "high yield" as a bait to sell 28 kinds of worthless virtual coins to the original consulting company customers, involving 320 billion won (about 230 million US dollars), involving about 10,000 victims.