[South Korean Prosecutors Make First Arrest Under the 'Virtual Asset User Protection Act' for DEX Fraud Involving Solana Meme Token CATFI] According to a report by Jinse Finance, on May 27, South Korean prosecutors filed charges in a Rug Pull fraud case related to the Solana ecosystem Meme token CATFI. This marks the first time the country has made an arrest and prosecution for such activities on a decentralized exchange (DEX) under the 'Virtual Asset User Protection Act.' This case signifies that South Korea's crackdown on virtual asset crimes has expanded from centralized exchanges to the DEX sector. Prosecutors stated they will 'firmly respond to actions that disrupt the digital asset market and undermine public trust.' The case could become a key precedent in South Korea for handling Meme token fraud, social media promotions, and DEX transactions under the virtual asset law. Previously, in January 2025, South Korea handled its first centralized exchange price manipulation case under the same law and has recently intensified regulations, including requiring financial influencers to disclose holdings and paid promotional information.