South Korean prosecutors have indicted a criminal group for manipulating the Solana-based meme coin CATFI—the first case of unfair trading under South Korea’s Virtual Asset User Protection Act.
Source：
www.digitalasset.works
South Seoul District Prosecutors’ Office’s Joint Investigation Team for Virtual Asset Crimes has filed detention-based indictments against two individuals and non-detention indictments against three others in connection with the rug pull of the Solana meme coin CATFI on a decentralized exchange (DEX). According to prosecutors, this is the first case applying the “unfair trading” provision of the Virtual Asset User Protection Act—and the first instance in which the masterminds behind a DEX rug pull have faced detention-based indictment.
