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#BTC #ContentStar #GateioInto11 South Korean crypto figure Park, known as “Jonbur Kim” or the “Coin King,” has been arrested again on fresh fraud charges.
This arrest comes just weeks after his release on bail for a separate crypto scam case. The Seoul Southern District Court issued an arrest warrant for Park on Feb. 20, citing risks of evidence tampering and flight, according to KBS News.
Prosecutors allege that between March 2021 and April 2022, Park and his accomplice, Mr. Moon, orchestrated the fraudulent issuance and listing of Artube tokens.
They allegedly manipulated prices and used misleading disclosures to defraud investors of 68 billion won ($47 million). Moon was also arrested on the same charges.