Seoul Court Acquits ‘Jonber Kim’ in Massive $253M Crypto Scam

Park, a 45-year-old Korean influencer known as “Jonber Kim,” was acquitted after prosecutors sought 20 years in prison for allegedly being the leader of a scam coin manipulation scheme. The prosecutors failed to link Park’s deceptive actions to the token buyers’ misperceptions. ‘Coin King Jonber Kim’ Acquitted in Massive Crypto Fraud Case A Seoul court […]
Key Takeaways
- Park, a 45-year-old Korean influencer known as “Jonber Kim,” was acquitted after prosecutors sought 20 years in prison for allegedly being the leader of a scam coin manipulation scheme.
- The prosecutors failed to link Park’s deceptive actions to the token buyers’ misperceptions.
- ‘Coin King Jonber Kim’ Acquitted in Massive Crypto Fraud Case A Seoul court […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

South Korea to meet crypto exchanges amid calls for tax delay
Finance officials are reportedly set to meet major crypto exchanges on Tuesday, days after a lawmaker introduced legislation that could push the tax’s start date back two years.

Deutsche Bank targets Asia crypto custody expansion in 2027 as German launch nears
The service will initially support bitcoin, ether and the stablecoins USDC, EURC and EURAU, with the bank managing clients’ wallets and private keys.