Jonber Kim implicated in 340 billion Korean won cryptocurrency fraud case, Seoul court acquitted in first instance

Jonber Kim, who was charged with 340 billion Korean won cryptocurrency fraud, was acquitted in the first instance by the Seoul Southern District Court on October 15th. The court believes that the prosecution has failed to prove a causal relationship between false advertising and investors buying tokens, and the allegations of manipulating coin prices and misappropriating proceeds from the sale of grape coins lack sufficient evidence to support them. (Source: Digital Asset)