The South Korean Crypto Figure Park, known as “Johnbur Kim” or “Sikka Raja”, has been again arrested on charges of fresh fraud.
This arrest comes Bus week After his release on bail for a separate crypto scam case. According to KBS News, the Seoul Southern District Court issued an arrest warrant for the park on 20 February, cited evidence molestation and flight risks.
The prosecutors allege that between March 2021 and April 2022, the park and their companions, Mr. Moon, orchestrated the list of Artube tokens, and the list of Artube tokens.
He allegedly manipulated prices and used misleading revelations to cheat 68 billion ($ 47 million) investors. The moon was also arrested on the same charge.
Fraud background
The park was already associated with the pod coin for the previous crypto fraud case, allegedly embezzled 20 billion ($ 14 million). He was granted bail in January, allowing him to prosecute without detention.
However, the prosecutors highlighted additional fraud activities related to Artube, leading to his arrest again.
Officials have long parked the Crypto Space for alleged market manipulation and illegal financial activities. The presence of his social media-where he blew luxury cars and high-end items-the following achieved as a crypto affect.
Investigation revealed that he allegedly bribed the exchange officers for the convenience of token listing and manipulated prices for personal benefits.
The park first tried to flee the country by riding on a fishing boat for China in December 2023. A storm forced the ship to return, which captured it. He was sentenced to jail to violate smuggling laws, but later decreased on the appeal.
