South Korean crypto influencer "Coin King Jonbur Kim" acquitted in $253 million crypto fraud case.

According to Digital Asset, South Korean crypto influencer "Coin King Jonbur Kim" has been acquitted by the Seoul Southern District Court over his alleged involvement in a crypto scam worth 340 billion won (approximately $253 million). The court announced Thursday that the prosecution’s evidence was insufficient to prove his guilt. The influencer’s real surname is Park; he was previously accused of involvement in issuing and launching fraudulent tokens, spreading false information, and manipulat

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