Chosun Ilbo knew grand prize went to $3B crypto scam, victims say
On the first day of a dramatic National Assembly audit in Seoul, lawmakers demanded a special investigation into the KOK cryptocurrency scam that may have been promoted by South Korea’s right-wing top daily paper, the Chosun Ilbo.
According to Aju Press, a coalition of victims is accusing two subsidiaries of Chosun Ilbo of promoting the crypto despite knowing that it was fraudulent. Jin Eun-ja, the coalition’s leader, believes these positive promotions were then used by scammers to reassure concerned investors that KOK was legitimate — and that the newspaper contributed to a delay in prosecution.
It’s estimated that KOK has caused 4 trillion won ($2.97 billion) in damages in South Korea alone.
South Korea’s investigation into…
