On July 17, South Korean prosecutors are applying for the arrest of a suspect suspected of manipulating the cryptocurrency market, named "Jonbur Kim" or "HODL Kim". The Joint Crypto Crime Investigation Unit of the South Seoul Regional Prosecutors Office has filed an application for a committal hearing warrant for HODL Kim. He allegedly bribed employees of the Coinone exchange to list the exchange's POD tokens, and then manipulated its market price, resulting in the theft of more than 20 billion won (about $14.50 million).