"'Jangsaui Sin' Denies Connection" 2 Million YouTuber Changes Statement Amid 'Coin Scam' Controversy

Creator Oking (30, Oh Byung-min), who has over 2 million subscribers, officially apologized for investing in a project amid allegations of being involved in a 'coin scam' (cryptocurrency fraud).

On the 8th, Oking uploaded an apology video on his YouTube channel. He stated, "It is not true that there was no financial relationship between Winners and me other than the appearance fee of 5 million won," adding, "That is a lie."

YouTuber Oking posted an apology video on the 8th regarding allegations related to a 'coin scam.'
[Photo by Oking YouTube Channel Capture]

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He said, "I did invest in Winners. And I have now expressed my intention to withdraw the investment. I am truly sorry for not being clearer about this to you all," adding, "Currently, I have withdrawn my investment and stopped all projects with Winners, and I will not collaborate with Winners in the future."

Winners is a company that provides services linking blockchain technology with sports such as martial arts, golf, and soccer. They operate the mixed martial arts competition 'Woljjang' and are also engaged in YouTube content business.

Recently, some YouTubers raised suspicions that 'Winners Coin,' issued by Winners, is a 'scam coin' that illegally attracted investments, leading to allegations that Oking, who collaborated with Winners, might be connected to the coin scam.

On the 5th, Oking clarified through a live broadcast that while it is true he collaborated with Winners, he did not know about cryptocurrency.

He explained that the biggest reason he decided to invest was, "All the colleagues I worked with at Winners were genuinely good people to me," and said, "One day, when they proposed the company investment to me, I readily sent the spare funds I had. I felt it would be enjoyable to grow the business with these people."

He continued, "I was registered as a director of the YouTube content production team, which has no connection to the coin business, but I have now personally requested to resign from the director position, and it has been approved," adding, "In fact, I still do not know how Winners' cryptocurrency business is structured or operated. Therefore, I do not know whether Winners' cryptocurrency business is legitimate or not."

He said, "If I were to continue working with Winners, a message would be conveyed asking people to trust the cryptocurrency business that I do not even know about, and this message could encourage inappropriate investments that differ from my intentions to many people," adding, "Therefore, I have expressed my intention to withdraw all investments made to Winners and decided not to be involved in any business, including Winners' content business, anymore."

Meanwhile, on the 6th, Winners issued a statement denying the 'coin scam' allegations and provided an explanation.

Jung Young-kwon, CEO of Winners, stated in the statement, "Regarding some YouTubers recently mentioning 'fraud charges' or 'connections to criminal organizations' related to Winners Coin, we declare that all such claims are baseless falsehoods," and added, "We plan to take swift and strong measures, including legal action."

He continued, "We have no connection with 'Jangsaui Sin' or 'Sangnamja Jusikhoesa,' which some YouTubers have raised suspicions about, and posts mentioning such connections are merely speculative content or malicious rumors based on false information," adding, "We also reiterate that there is absolutely no multi-level marketing or unauthorized fundraising activities."

He added, "We will take strong legal action without any settlement or leniency against the YouTubers, malicious comment posters, and secondary transmitters involved."

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