CandleFocus South Korean ‘coin king’ re-arrested for $47m crypto fraud
2025-02-21
Author: Content Editor
South Korean crypto figure Park, also known as "Jonbur Kim" or the "Coin King," has been arrested again on fresh fraud charges. He had previously been released on bail for a separate crypto fraud case. Park and his accomplice, Mr. Moon, are accused of orchestrating fraudulent issuance and listing of Artube tokens, manipulating prices, and defrauding investors of $47 million. Park had already been facing trial for a previous crypto fraud case involving Podo Coin. Authorities have long scrutinized Park for alleged market manipulation and illicit financial activities in the crypto space.
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