South Korean lawmakers demand special investigation into KOK cryptocurrency scam in parliamentary audit

BlockBeats news, October 9, the first day of the South Korean National Assembly audit held in Seoul, lawmakers have requested a special investigation into the KOK cryptocurrency scam that may have been promoted by the South Korean right-wing daily newspaper Chosun Ilbo. It is reported that victims have accused two subsidiaries of Chosun Ilbo of knowing that cryptocurrencies are fraudulent, but still vigorously promoting them.

Fraudsters used these positive publicity to reassure investors that KOK is legal, and the newspaper also caused the prosecution to be delayed. It is estimated that in South Korea alone, the "KOK" incident has caused 4 trillion won (2.97 billion US dollars) in losses.