Korean news giant Chosun Ilbo accused of supporting $3 billion KOK crypto scam
Victims of the KOK crypto scam have called out South Korea’s largest daily newspaper for promoting the fraudulent scheme, which led to at least $2.97 billion in losses.
According to an Ajlu press report, a coalition of victims has accused Chosun IIbo subsidiaries IT Chosun and Digital Chosun Ilbo of deliberately promoting the fraudulent KOK token scheme to the public.
The coalition alleges that these media outlets provided extensive coverage that lent legitimacy to the token, including reporting on the launch of KOK’s main transaction server and awarding the company a grand prize for consumer satisfaction.
Jin Eun-ja, the coalition leader, claims scheme operators reportedly used these endorsements to mislead investors into trusting…
