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News Explorer — This Crypto 'Ponzi Scheme' in South Korea Raked In More Than $127 Million

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Jun 23, 4:58 pm
DL News

This Crypto 'Ponzi Scheme' in South Korea Raked In More Than $127 Million

South Korean police have arrested three people and charged 64 more with fraud related to a Ponzi scheme that promised high returns on investment in a company claiming to distinguish pet dogs by their noses. The investigation found that the technology was fake and the company had not leased any of the sites it had promised. The police warned citizens against digital assets that promise high returns in the short term.

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