South Korean Church Accountant Suspected of Embezzling 480 Million KRW in Donations to Invest in Cryptocurrency and Incur Losses, Police Apply for Arrest

BlockBeats News, September 24th. According to the South Jeolla Mokpo Police Station in South Korea, a church accountant in his 60s has been requested for arrest on suspicion of embezzlement. The man embezzled approximately 480 million Korean won in cash from July last year to August this year, which was supposed to be used for church construction. However, he transferred the funds to an acquaintance's account and invested in cryptocurrency, resulting in a total loss. Currently, the case is under further investigation.