South Korean crypto influencer “Coin King Jonbur Kim” involved in 253000000 USD crypto fraud found not guilty
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AT A GLANCE
A South Korean court found crypto influencer Coin King Jonbur Kim not guilty, stating that the prosecution’s evidence was insufficient.
Article
South Korean crypto influencer “Coin King Jonbur Kim” involved in 253000000 USD crypto fraud found not guilty
BlockBeats news,October 15, according to Digital Asset, South Korean crypto influencer “Coin King Jonbur Kim” was found not guilty by the Seoul Southern District Court of allegedly participating in a crypto fraud involving 340000000000 Korean won (approximately 253000000 USD)。The court said Thursday that the evidence presented by prosecutors was insufficient to prove that he had committed a crime.
The influencer’s actual surname is Park. He had previously been accused of allegedly participating in the issuance and listing of fraudulent tokens, disseminating false information, and manipulating token prices, involving projects such as Podo Coin and Artube. The court’s ruling found that the existing evidence was insufficient to support the related criminal charges.
Original link https://m.theblockbeats.info/flash/372012
Key points
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The Seoul Southern District Court found Coin King Jonbur Kim not guilty.
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The court said that the evidence presented by prosecutors was insufficient to prove that he had committed a crime.
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The case involved 340000000000 Korean won, equivalent to approximately 253000000 USD。
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He had previously been accused of allegedly participating in the issuance and listing of fraudulent tokens, disseminating false information, and manipulating token prices.
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The related projects included Podo Coin and Artube.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The court found that the current evidence was insufficient to prove that these criminal charges were established, and therefore issued a not-guilty verdict. This does not mean that it has been confirmed that there were no issues with the related projects or prior conduct.
Why it matters to readers
The ruling reduced the criminal risk currently faced by the individual, but the evidence did not indicate whether the related projects face other civil or regulatory issues.
A not-guilty verdict indicates that the existing evidence in the case did not meet the standard for conviction; it does not mean that all related disputes have been resolved.
Risks and unknowns
The evidence did not provide the judgment or an original court announcement, so the scope of the ruling still requires verification.
The evidence did not indicate whether the prosecution filed an appeal.
The evidence did not indicate whether Podo Coin or Artube face independent civil claims or regulatory investigations.
“Allegedly participating in the issuance and listing of fraudulent tokens, disseminating false information, and manipulating token prices” refers to previous allegations; the evidence did not prove that these allegations were established.
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Not-guilty verdict
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