South Korean authorities have apprehended the leader of a $12 million cryptocurrency scam who attempted to evade capture by undergoing nearly $16,000 worth of plastic surgery.
According to the Straits Times, the Seoul Metropolitan Police Agency reported that the suspect had been evading authorities for 10 months after missing a pre-trial detention hearing in September 2023.
During his time on the run, he spent 21 million won ($15,746) on cosmetic surgery to alter his facial features, including his eyes, nose, and overall face shape, and also used various wigs.
The individual is accused of orchestrating a cryptocurrency mining scam that defrauded 158 investors between November 2021 and June 2022, promising them an 18% monthly return.
The losses for victims ranged from 1.2 million won ($900) to 250 million won ($188,000). Despite his efforts to change his appearance, he was eventually tracked down and arrested in Gyeonggi Province in August through phone records, internet history, and surveillance footage.
In another incident in South Korea, the CEO of Haru Invest, a crypto deposit service, was stabbed multiple times in the neck while attending a court hearing.
The CEO, identified as Lee, along with two other executives, faces charges for allegedly stealing 1.1 trillion won ($825 million) in cryptocurrency from about 16,000 users. The attacker, reportedly a victim of Haru Invest, has been arrested. Lee’s injuries are not life-threatening.
Alex Mashinsky, the former CEO of Celsius serving a 100-year prison sentence, is seeking the testimony of six ex-employees as part of his criminal case.
Since Bitcoin’s inception in 2009, it initially struggled to gain recognition as a groundbreaking technology, often being dismissed as a scam or fraud.
Former Binance CEO Changpen Zhao is nearing the end of his four-month prison sentence, with his release scheduled for September 29, according to the US Federal Bureau of Prisons.
The notorious hacking group known for its crypto thefts has lost access to nearly $5 million in stablecoins, following actions taken by stablecoin issuers to freeze the funds.