Arrest Warrant Issued for P Coin Listing Manager Involved in 'Gangnam Murder' Case

The Joint Securities Crime Investigation Unit, which investigated securities and financial crimes, officially relaunched on the 1st after about a year and a half since its abolition, with a new name. The photo shows the building directory installed in the lobby of the Seoul Southern District Prosecutors' Office annex on that day. Photo by Hyunmin Kim kimhyun81@

The Seoul Southern District Prosecutors' Office Financial Investigation Division 1 (Chief Prosecutor Lee Seung-hyung) announced on the 7th that it has requested an arrest warrant for former Coinone employee A on charges of accepting bribes in exchange for listing cryptocurrencies.

According to the prosecution, A, who was in charge of listings at Coinone from 2019 to 2021, is accused of receiving approximately 1 billion KRW worth of cash and coins from several brokers under the pretense of listing dozens of domestic coins (charges include breach of trust and violation of the Act on the Regulation of Concealment of Criminal Proceeds). Among the cryptocurrencies for which A received bribes was 'P Coin,' which caused conflicts among those involved in the Gangnam kidnapping and murder case.

A is reported to have recently resigned after the prosecution's investigation began. The pre-arrest warrant hearing is scheduled to be held at 10:30 a.m. on the 10th at the Seoul Southern District Court.

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