Korean $236.67M crypto scam ringleader arrested after two years on run overseas

A key figure in a 325.6 billion won ($236.67 million) cryptocurrency investment scam in South Korea has been arrested after spending over two years hiding abroad, according to Newsis. The individual, believed to be the ringleader of the operation, was captured following a prolonged police investigation. The group is accused of scamming 15,304 people between December 2021 and March 2023 by falsely promising high returns from selling and issuing 28 different cryptocurrencies.