News with the tag "Chosun Ilbo"

Two South Korean lawmakers have called for a full investigation into the KOK token after its value collapsed to almost zero. Victims have accused Korea’s largest newspaper of promoting the scam, sparking concerns about its role. The alleged cryptocurrency fraud has caused an estimated $3 billion in ...

Chosun Ilbo, one of South Korea's largest media outlets, is under investigation for allegedly promoting the KOK crypto scam, which caused nearly $3 billion in losses. With victims pressing for accountability and lawmakers demanding a full inquiry, the case has become a major national concern. The po...

A South Korean crypto fraudster will serve 10 years in jail after the High Court upheld his original sentence. Per the media outlets Herald Kyungjae and Chosun Ilbo, the 44-year-old fraudster – surnamed Wi – was the CEO of a firm named Tae Sung E&C Group. On June 18, the Gwangju High Court’s Second ...