The Joint Crypto Crime Investigation Unit of the South Seoul Regional Prosecutors' Office in South Korea has announced the arrest and prosecution of four members of the Queenbee (QBZ) token project. They are accused of defrauding about 4,000 individuals of 15.10 billion won (~ $10.90 million) through fraudulent listing and market manipulation. Additionally, the team is also accused of selling all their remaining tokens through a sophisticated token scammer between March and April 2021 for illegal profit 15 billion won (~ $10.90 million).