South Korean CEO arrested in $366m crypto scam

Micah Zimmerman

The CEO of a South Korean technology firm, Wacon, has been arrested for allegedly masterminding a large-scale crypto scam that defrauded over 500 investors.  CEO Byun Young-oh, along with an accomplice identified as Yeom, orchestrated a Ponzi-style scheme through a…

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South Korean CEO arrested in $366m crypto scam