PANews
PANews|Mar 06, 2026 02:19
[A South Korean crypto fraudster, once declared legally dead, reappears and repays victims for their losses] According to DL News, a South Korean cryptocurrency fraudster who had previously been declared legally dead recently reappeared and has repaid approximately $60,000 to victims. The man fled to Cambodia in June 2019 after committing a major crypto scam. Following a request from his family, the court issued a missing person declaration, legally recognizing him as deceased in South Korea. In January this year, Cambodian authorities deported him back to South Korea, where prosecutors immediately arrested him and began addressing his legal status. To compensate the victims, prosecutors successfully applied to revoke the missing person declaration, restoring his legal identity on February 27, which allowed them to handle his frozen bank and crypto accounts. Prosecutors collaborated with defense attorneys, victims, and exchanges to arrange the sale of his frozen digital assets, repaying victims approximately $60,000. Prosecutors stated they would conduct a thorough investigation into the case while striving to protect the human rights of those involved and resolve disputes by recovering actual losses.
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