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You Won’t Believe How One Influential K-Pop Fan Turned a Viral YouTube Channel Into a 232 Billion Dollar Crypto Heist

A middle-aged man in a suit sits at his desk surrounded by screens displaying cryptocurrency prices and empty bank accounts; he's holding an envelope filled with cash as the background is set ablaze. A faint image of a person selling their apartment can be seen on one screen, while another shows people being scammed from behind.

It looks like the South Korean authorities have finally caught up with some of the cryptocurrency ‘influencers’ who’ve been preying on unsuspecting investors. This is a textbook case of how not to run a YouTube channel – instead of spewing nonsense about Dogecoin, this guy was running a $232 million scam. I mean, 12 people are still in custody and it’s estimated that the scammers made off with over $230 million from poor suckers who thought they could get rich quick.

Source: cointelegraph

A financial influencer in South Korea is alleged to have set up a huge cryptocurrency scam after dissatisfied investors wanted a refund for bad stock advice he had given. Police have arrested 215 people in connection with the alleged fraud. Of the 215 people arrested, 12 remain in custody, South Korean news agency Yonhap reported. Those detained include the alleged ringleader of the scam, who was identified as the middle-aged […]

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