According to Yonhap News, South Korean police have busted a cryptocurrency investment scam. The group, based in Cambodia, posed as a volunteer service organization, gaining victims' trust by distributing subsidies and investment returns. They then set up 11 branches in South Korea, claiming that a specific token would yield high returns after listing. Using multi-level marketing tactics, they recruited investors and scammed 456 people out of 40.9 billion KRW (approximately $29.5 million). Police have arrested 26 suspects, 9 of whom are in custody. https://www.(wublock123.com)/news/korea-police-bust-cryptocurrency-investment-scam-409-billion-won-26-arrested-68755