Prosecutors indict developer of virtual asset fraud site
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The Seoul Northern District Prosecutors' Office's 3rd Criminal Division indicted a man, identified as "A," on charges of fraud for developing a virtual asset fraud website and defrauding 800 million won (approximately $750,000 USD), Yonhap News reported. Mr. A is accused of creating a virtual asset staking product fraud website around March of last year and defrauding victims of 800 million won (fraud under the Act on the Aggravated Punishment, etc. of Specific Economic Crimes and violation of the Information and Communications Network Act).
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