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[South Korean Prosecutors Indict Individuals Involved in CATFI Rug Pull Case] According to the Virtual Asset Crime Joint Investigation Unit of the Seoul Southern District Prosecutors' Office, on May 27, prosecutors detained and indicted 2 individuals and indicted 3 others without detention in connection with the Rug Pull case involving the Solana meme coin CATFI on a decentralized exchange. This is the first case to apply the unfair trading provisions of the 'Virtual Asset User Protection Act' and also the first instance where the main perpetrators of a DEX Rug Pull case have been detained and indicted. The individuals involved issued CATFI in early 2025, illegally profiting approximately 400 million KRW through false advertising and market manipulation, causing losses of about 900 million KRW to 256 investors. Within 26 hours of its issuance, CATFI's price had surged 1,001 times.