According to Mars Finance, the Joint Investigation Team for Virtual Asset Crimes of the Seoul Southern District Prosecutors' Office in South Korea has detained and indicted two people and indicted three others without detention in connection with the CATFI (Solana memecoin) rug pull case on a decentralized exchange (DEX). Prosecutors stated that this is the first case to apply the unfair trading provisions of the Virtual Asset User Protection Act, and also the first case to detain and indict the main perpetrator in a DEX rug pull case.
South Korean prosecutors have indicted a criminal group that manipulated the trading of the Meme cryptocurrency CATFI on Solana, marking the first case of unfair trading under the Virtual Asset User Protection Act.
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