ChainCatcher reported that according to South Korean media Money Today, the First Financial Investigation Department of the Seoul Southern District Prosecutor's Office in South Korea has indicted Jeon, a former executive of the cryptocurrency exchange Coinone, on suspicion of embezzlement, and will conduct a pre-arrest interrogation of the suspect on the morning of the 10th.

Jeon was accused of accepting bribes from virtual currency brokers Go and Aunt Hwang in 2020-2021 in exchange for listing "Kimchi Coin". One of the tokens that Jeon was suspected of bribing to list, P Coin, appeared in the recent kidnapping and murder in Gangnam, Seoul. P Coin was created in 2020. The main perpetrator, the mastermind, and the victim of the Gangnam kidnapping and murder case were all P Coin investors. (Source link)