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Employees of South Korean Crypto Exchange Coinone Arrested: Report

Several employees of South Korean cryptocurrency exchange Coinone have been arrested for exchanging money in return for listing certain crypto assets. Coinone's listing team leader Kim Mo has been accused of violating the Concealment of Criminal Proceeds Act and breach of trust, while listing broker Hwang Mo was charged with breach of trust. Hwang allegedly paid up to 2 billion won ($1.51 million) to Kim and Coinone's former director of listing in return for listing certain virtual assets, including "Furiever Coin," which has been linked to a recent kidnap and murder investigation in Gangnam district in Seoul.

(By Jamie Crawley)

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