South Korean police crack the country's largest crypto scam, 620,000 subscriber's YouTuber as the main culprit
On November 13, according to Yonhap News Agency, the South Korean police cracked a major fraud case. The main suspect was a YouTuber with 620,000 subscribers. He lured more than 15,000 investors to participate in cryptocurrency transactions by falsely promoting high returns. The amount involved was as high as 213 million US dollars. At present, the police have arrested 12 suspects and applied for the confiscation of 22 bitcoins.