South Korean prosecutors request arrest warrant for crypto market manipulator

On July 17th, the South Korean prosecutors are seeking an arrest warrant for a suspect involved in manipulating the cryptocurrency market. The suspect's name is "Jonbur Kim" or "HODL Kim". The Seoul Southern District Prosecutors' Office, in collaboration with the cryptocurrency crime investigation department, has submitted a pretrial arrest warrant application for HODL Kim. He is accused of bribing employees of the Coinone exchange to list the POD token and then manipulating its market price, resulting in over 20 billion Korean won (approximately $14.5 million) being stolen.