Seoul court acquits Jonber Kim in crypto fraud case

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1. 15 Oct 202611:46 UTC

   Seoul court acquits Jonber Kim in first trial over 340bn won crypto fraud case

   The Seoul Southern District Court acquitted cryptocurrency market manipulator Jonber Kim, surnamed Park, in the first trial over a crypto fraud case involving about 340bn won ($230m). The court said the prosecution failed to prove a causal link to investors' purchases, and coin price manipulation and misappropriation charges lacked evidence.

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2. 15 Oct 202611:47 UTC

   Seoul court acquits alleged mastermind of $253m POD and ATT token fraud

   The Seoul Southern District Court acquitted Park, known as Jonber Kim, in the first trial over an alleged $253m POD and ATT token fraud. The court found misleading promotion but ruled prosecutors failed to prove investors bought tokens because of it; two co-defendants got suspended sentences over false Coinone listing documents.

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