South Korea Arrests CatFi Suspects in First Crypto Rugpull Case

TLDR South Korea prosecutors charged five individuals linked to the CatFi rugpull on Solana. Authorities applied the Virtual Asset User Protection Act for the first time in a rugpull case. The suspects allegedly abandoned the project after attracting thousands of investors. The group promoted CatFi using fake social media accounts and misleading claims. Prosecutors said [...]

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