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Thursday, July 31, 2025

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

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South Korean prosecutors probing the previous President Yoon Suk-yeol and the previous First Girl Kim Keon-hee have interrogated the suspected crypto fraudster Jon Bur Kim (actual surname Park).

Park, a crypto market maker and luxurious sports activities automotive collector, has been indicted for crypto fraud. Prosecutors assume he issued and manipulated two so-called “rip-off cash,” and manipulated their costs by issuing pretend information concerning the tokens.

Nonetheless, prosecutors earlier this month established a potential hyperlink between Park’s case and that of the previous First Girl.

Kim Keon-hee is accused of peddling affect, inventory manipulation, and different corruption-related costs.

Former President Yoon: Arrest Warrant Incoming?

Prosecutors are investigating Kim Keon-hee together with Yoon, who failed in a bid to declare martial regulation in South Korea in early December final 12 months.

Yoon’s refusal to share iPhone passcode disrupts particular probehttps://t.co/c8NXMuUcLc

— The Korea Occasions (@koreatimescokr) July 29, 2025

The previous President was later impeached. He has since been charged with varied corruption-related offences.

However Former President Yoon has twice refused to reply to courtroom summons requests. This has led prosecution officers to think about requesting an arrest warrant.

Yonhap reported that the probe has additionally expanded to Yoon and Kim’s associates. The South Korean information company wrote that the particular prosecution crew is believed to be investigating the previous senior prosecutor Kim Sang-min.

Prosecutors imagine Kim Sang-min might have “obtained illicit cash” from the chief suspect in a crypto fraud case.

Media retailers assume that that is Park, who’s accused of embezzling 80.9 billion received ($58.1 million) value of buyers’ cash.

Prosecutors assume that Park gave Kim Sang-min cash to pay for motorcar rental charges. Kim Sang-min then allegedly used this cash to pay for the autos as he tried to win the Folks Energy Occasion nomination for the Changwon Uichang district seat forward of the April 10 legislative election final 12 months.

Kim Sang-min was finally unsuccessful in his bid, and was eradicated through the primaries. However prosecution officers seem to assume that Kim Keon-hee used her affect to assist him run.

The particular counsel crew investigating allegations surrounding former first woman Kim Keon Hee has requested an arrest warrant for former President Yoon Suk Yeol, the crew introduced Wednesday. https://t.co/c7xp77LPWD

— The Korea JoongAng Day by day (@JoongAngDaily) July 30, 2025

Rug Pull Suspect Summoned

The newest improvement seems to substantiate reviews from earlier this month. These claimed that the particular prosecution crew had requested to see the Park/rip-off coin case information.

Prosecutors assume that Park and a CEO surnamed Moon stole tons of of billions of received. They assume the duo issued and listed a suspected rip-off coin named Atube in 2021.

They’ve additionally accused Park of masterminding a rug pull rip-off for a token named Podo Coin, additionally in 2021.

The put up Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’ appeared first on Cryptonews.

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