Six Chinese nationals have been arrested in Jeju, South Korea, for allegedly assaulting a dealer and stealing $689,000 during a stablecoin exchange. The group is accused of attacking the dealer and taking the cash, while claiming they are the real victims. The suspects deny the charges and allege that the dealer made the stablecoins disappear. The authorities have recovered some of the cash and are still tracking down the rest. In other news, South Korea's financial regulator, the Financial Services Commission, is working on the second phase of its crypto rules to enhance user protection. The new rules will cover areas such as stablecoins, crypto exchanges, and business entry regulations.



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