CryptoBearishThe Block · May 277/10
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South Korea arrests suspects behind Solana memecoin CatFi in first rugpull case under new law
South Korean authorities arrested suspects behind CatFi, a Solana memecoin rugpull scheme that defrauded thousands using fraudulent social media channels. This marks the first prosecution under South Korea's new cryptocurrency fraud law, signaling enhanced regulatory enforcement in the crypto space.
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