Chosun Ilbo knew grand prize went to $3B crypto scam, victims say
Top Korean paper knew its award went to $3B crypto scam, victims say On the first day of a dramatic National Assembly audit in Seoul, lawmakers demanded a special investigation into the KOK cryptocurrency scam that may have been promoted by South Korea’s right-wing top daily paper, the Chosun Ilbo. According to Aju Press, a coalition of victims is accusing two subsidiaries of Chosun Ilbo of promoting the crypto despite knowing that it was fraudulent. Jin Eun-ja, the coalition’s leader, believes these positive promotions were then used by scammers to reassure concerned investors that KOK was legitimate — and that the newspaper contributed to a delay in prosecution. It’s estimated that KOK has caused 4 trillion won ($2.97 billion) in damages in South Korea alone. South Korea’s investigation into the KOK crypto fraud is led by the Ulsan District Prosecutor’s Office and has been ongoing for several years. No significant breakthroughs have been mad...