Police in South Korea have arrested the chief of a 16 billion received ($12 million) cryptocurrency rip-off who underwent virtually $16,000 value of cosmetic surgery to evade authorities.
As reported by the Straits Occasions, the Seoul Metropolitan Police Company says the scammer was on the run for 10 months after failing to attend a pre-trial detention listening to in September 2023.
Throughout his time as a fugitive, the person reportedly spent 21 million received ($15,746) on cosmetic surgery to change his look, particularly his eyes, nostril, and the form of his face. He’s additionally stated to have worn quite a lot of wigs.
Learn extra: Bitsonic chief sentenced to 7 years for crypto theft in South Korea
Police declare that the person is behind a cryptocurrency mining rip-off that promised traders a month-to-month return of 18% and managed to defraud 158 victims between November 2021 and June 2022. Victims’ losses ranged from 1.2 million received ($900) to 250 million received ($188,000).
Regardless of the cosmetic surgery, the person was caught within the South Korean province of Gyeonggi in August after police tracked him to his house utilizing telephone information, web historical past, and surveillance footage.
South Korea crypto CEO stabbed whereas on trial for fraud
Earlier this week, additionally in South Korea, the CEO of South Korean crypto deposit service Haru Make investments was stabbed a number of instances within the neck whereas attending a court docket listening to.
The person, often known as Lee, was dealing with expenses alongside two different executives for allegedly stealing 1.1 trillion received ($825 million) value of crypto from round 16,000 customers.
The attacker was reportedly a sufferer of Haru Make investments. Reuters reviews that Lee’s accidents are usually not life-threatening and that the attacker has been arrested.
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