So, guess who’s back in the slammer? Itâs none other than Park, the South Korean crypto darlingâor should I say, âCoin Kingââwho seems to have a penchant for the naughty side of blockchain! đ¸
This latest escapade comes on the heels of his short-lived freedom after being granted bail for a different crypto caper. Oh, yes! The Seoul Southern District Court thought it would be a fab idea to issue an arrest warrant for him on Feb. 20âbecause why wait when you’ve got tampering and flight risks on speed dial? đ
According to prosecutors, our charming friend Park, alongside his accomplice Mr. Moon (and I thought I had weird associates), decided to offer their own brand of Artube tokens to the world between March 2021 and April 2022. Spoiler alert: it wasnât as artful as it sounds. đ¨
These two legends allegedly played puppet masters with the prices while using a dazzling array of misleading flair to swindle investors out of 68 billion won (or a cool $47 million). It’s a match made in crypto heaven, reallyâif heaven were run by scammers.
Fraud background
But hold the phone! Park was already juggling a previous crypto fraud case involving Podo Coin, wherein he allegedly âborrowedââletâs sayâ20 billion won (thatâs about $14 million for those keeping score). He was granted bail just in time to stand trial, because who doesnât love a dramatic flair? đ
But wait, there’s more! Just as he was puffing his chest about his âlegitimateâ ventures, prosecutors uncovered additional shenanigans around Artube. Surprise, surprise! đ˘
Park has been a favorite on authoritiesâ ___________ lists (you know, the kind with people who should really consider a different career path). His social media antics flaunting fast cars and high-end goodies didnât do much to help his case as a pristine crypto influencer. đśď¸
Reports also say he was giving a little ‘thanks’ to exchange execs to help his tokens float to the top, because who really needs morals when you have ambition? đââď¸
And just when you thought it couldnât get juicier, he once attempted to abscond on a fishing boat bound for China! But Mother Nature had other plans, returning our would-be escape artist to the scene of the crime. Talk about an ultimate plot twist! đ His grand escape turned into a cozy night in prison for violating smuggling laws, though he later managed to win the âGet Out of Jail Freeâ card on appeal. Someone fetch him a trophy! đ
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2025-02-21 17:48