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. A Seoul court has found a Korean influencer who led a massive $253 million crypto scam not guilty of financial crimes. On October 15, in one of the largest crypto cases in Korea, Park, a 45-year-old influencer known as “Coin King Jonber Kim,” was acquitted of alleged involvement in the pump-and-dump of two cryptocurrency schemes.

Also reported by Coinotag.

Source: Bitcoin.com News