South Korea Makes First Arrest in DEX Rug Pull Fraud Case

The post South Korea Makes First Arrest in DEX Rug Pull Fraud Case appeared first on Coinpedia Fintech News

South Korea prosecutors have made the country’s first arrest and prosecution tied to a decentralized exchange rug pull scheme. Authorities charged a group accused of manipulating the price of CATFI and earning roughly KRW 400 million ($260,000) in illegal profits. Investigators said the main suspect, identified as Park, allegedly posed online as crypto influencer “Eth …