South Korea's Seoul Prosecutors' Office Recovers and Seizes About $5.6 Million in Ethereum from Fraud Case

According to BlockBeats, on May 6, the Cyber Crime Investigation Division of the Dong-District Prosecutor's Office in Seoul, South Korea, said that it had recovered a deleted e-wallet of a fraud defendant and seized Ethereum worth 7.6 billion won (about 5.6 million U.S. dollars). According to prosecutors, programmer An was accused of defrauding 156 victims between January and February 2019, claiming that the tokens he developed would be listed on the trading platform, thereby stealing 14.6 billion won (about 14.6 million U.S. dollars) of investment funds from 156 victims. In June of the same year, An was also accused of transferring 1,796 Ethereum to his personal crypto wallet, which was purchased by the gaming platform company he worked for to operate a cryptocurrency trading platform.