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SEOUL (Reuters) – South Korean police have arrested 215 individuals on suspicion of stealing 320 billion gained ($228.4 million) within the greatest cryptocurrency funding rip-off within the nation.
Gyeonggi Nambu Provincial Police mentioned on Wednesday the arrests included the alleged mastermind of the organised crime group accused of promoting 28 kinds of digital tokens to about 15,000 individuals by promising excessive returns.
Police mentioned the group had issued six of the 28 tokens on abroad crypto exchanges and have been managing a staff of market makers to push up costs. Police described the tokens as “nugatory”.
The group had arrange funding consulting corporations and gross sales groups to promote the digital property to individuals who had subscribed to a YouTube channel, the police assertion mentioned.
($1 = 1,400.9000 gained)
(Reporting by Cynthia Kim; Enhancing by Alison Williams)
