According to South Korean media outlet *Digital Asset*, the Seoul Southern District Prosecutors' Office has announced the indictment of a criminal group accused of manipulating the price of Solana-based meme coin CATFI and illegally profiting 400 million KRW (approximately $260,000). The investigation revealed that the main perpetrator, Park, operated on social media under the influencer alias "Eth Father," pretending to be an unrelated third party recommending retail investors to buy CATFI tokens. Meanwhile, other accomplices fabricated fake positive announcements and inflated follower counts to make the project appear legitimate. Ultimately, the team’s Rug Pull caused 256 investors to suffer a combined financial loss of 900 million KRW. This marks the first time in South Korea that individuals involved in a DEX Rug Pull case have been arrested and prosecuted. https://www.(wublock123.com)/news/news-61733