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The South Korean prosecutors have charged five people accused of pulling Sajjad on the CAT charge against Solana. This case represents the first arrest and prosecution in the country related to the centralized exchange system.
Prosecutors said the group made about 400 million won, or about $260,000, from Arban Arban. The scheme caused losses worth 900 million won (~$650,000) across 256 investors.
How does the CATFI program work?
shoot المحققون اسم فامهامين برك كمسبه به رياسمي. Bark ran the “Eth Father” account on social media, pretending to be on the other side and recommending CATFI to his followers.
أصد بارك وشركاوه platform release Solana codes On Pump.fun, money worth about 10 million won. Then the code was listed in the decentralized stock exchange. The group relied on several protectors and circular trades to hide their control over others.
The price of CATFI increased by about 1,001 times during the 26 hours from its listing before it was sold to the owner. About 6,000 customers entered this area. The plaintiff said that the collapse left 256 investors with a total loss of 900 million won.
These charges represent the first employment of the criminal trading rules protection law used in Korea. The law entered into force in July 2024. It focused on a previous case under the same law. This case is the first one to target Decentralized exchange platform.
Suspects were detained and charges were brought against them. Two of the partners face separate charges of aiding and abetting the main suspect. she drove new investigation unit In Seoul for virtual assets the case.
saw Solana similar situations Previously, however, legal proceedings related to DEX activity were rare. The plaintiffs said that they will be firm on the plans that undermine the confidence of the market.
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