News list for "wacon"
Byun Young-oh, CEO of South Korean tech company Wacon, has been arrested on suspicion of planning an ETH-related cryptocurrency scam. The Seoul Central District Prosecutors' Office will indict Byun and another suspect, Yeom, for fraud. The MainEthernet wallet service operated by Wacon will not be able to withdraw cash normally in the summer of 2023. When Byun met with investors last November, it said it would refund the money to investors, saying "it will take only four months to resolve all iss...
On August 12, Byun Young-oh, CEO of South Korea's Wacon company, was arrested on suspicion of Ethereum-related cryptocurrency fraud. The Seoul Central District Prosecutor's Office will indict Byun and another suspect, Yeom, for fraud. The MainEthernet wallet service operated by Wacon had difficulty withdrawing cash in the summer of 2023. Prosecutors believe it was a multi-level marketing scam scheme worth hundreds of billions of won, with about 500 victims, mainly the elderly. Byun had promised ...
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