CryptoBearishBitcoinist · May 277/10
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6,000 Investors Lost Everything On A 1,001x Solana Meme Coin — South Korea Just Made Its Move
South Korea has indicted five individuals in its first criminal prosecution of a decentralized exchange rug pull, where 6,000 investors lost their entire investments in a Solana meme coin. This landmark case marks the first application of fraudulent trading charges under South Korea's Virtual Asset User Protection Act, establishing critical legal precedent for how the country will enforce crypto market regulations on DEX-based schemes.
$SOL
