Hyeonsu “Elliot” Jin
MP elliot@decentlaw.ioElliot served as a corporate lawyer at Pyeongan Lawfirm and as in-house counsel for Chai Corporation, providing diverse corporate advisory services.
- Corporate / Startups
- Cross-border / Dispute Resolution
- Crypto
- VC / Financial Advisory
- IP Litigation
- Sports
Related News
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Media CoverageVoice Phishing Scams Using Wallet Addresses: Rising Threats in the Crypto Space
Criminals are increasingly exploiting cryptocurrencies in voice phishing scams, coercing victims into directly transferring Bitcoin (BTC), Tether (USDT), and other digital assets. Unlike traditional bank transfer schemes, these scams lead victims to withdraw from crypto exchanges or transfer between wallets—making funds significantly harder to trace. In many cases, perpetrators contact victims under the guise of “debt recovery,” “investment refunds,” or “international remittance processing,” and then request crypto transfers. Once received, the assets are quickly dispersed through multiple transactions, complicating any attempts at tracking. In some instances, assets sent from domestic exchanges have been moved to overseas wallets within hours or disappeared through mixing services. (omitted) Hyunsoo Jin, Managing Attorney at Decent Law Firm, stated, “Crypto-based voice phishing scams are far more difficult to recover from compared to traditional account-based fraud. Rapid initial response and preservation of digital evidence are crucial. It’s important to secure transaction history, wallet addresses, exchange account data, and phone recordings to support both criminal complaints and civil recovery.” He added, “If the scammers’ wallets or exchanges can be identified, victims may request emergency freezes or pursue international cooperation through investigative agencies. Immediate legal consultation is essential for assessing the situation and pursuing both criminal and civil remedies in parallel.”
2025-04-14 -
Media Coverage
OTC Crypto and Stablecoin Trading Surge Following Trump’s Inauguration
OTC (over-the-counter) trading volume for cryptocurrencies and stablecoins saw a fivefold increase in Q1 2025 compared to the same period last year, following the inauguration of U.S. President Donald Trump. This dramatic growth is attributed to rising institutional interest as regulatory discussions surrounding stablecoins gain momentum in the United States. According to the Q1 2025 report by digital asset trading technology firm Finery Markets, OTC trading volume among 2 million institutional spot transactions analyzed between January and March surged by 141% year-over-year. Stablecoin-related trading activity grew by 158% during the same period. (omitted) Commenting on this trend, Hyunsoo Jin, Managing Attorney at Decent Law Firm, noted, “The sharp rise in stablecoin activity in OTC markets indicates that regulatory discourse is translating into actual institutional engagement. Stablecoins are emerging as a crucial bridge between traditional finance and digital assets, and their regulatory trajectory may significantly influence global capital flows.” He further emphasized, “For businesses, managing risks associated with potentially regulated asset classes is critical. Legal and operational preparedness is essential to ensure transparency in transaction structures and fund flows.”
2025-04-14 -
Our News
Haru Management Ltd. (Haru Invest) Bankruptcy Claims Filing Notice
In November 2024, the Seoul Bankruptcy Court declared the bankruptcy of Haru Management Limited, the operator of Haru Invest. Although Haru Management was established in the British Virgin Islands (BVI), its actual operations were conducted in Korea, leading the Korean court to assert jurisdiction over the case. This case involves allegations of virtual asset fraud amounting to KRW 1.4 trillion, significantly impacting numerous investors both domestically and internationally. Claim Filing Deadline and Procedures Filing Deadline: January 31, 2025 (Korean Standard Time) Submission Deadline: January 24, 2025 (Korean Standard Time) * We will announce specific guidelines (attorney fees, engagement letter etc.) in the near future. Important Notes If you do not file your claim by the deadline, you may lose the right to participate in distributions or attend the creditors' meeting, which could affect your ability to recover your losses. To avoid any issues, please ensure that all necessary documents are prepared and submitted before the deadline. Claim Filing Assistance by Decent Law Firm Decent Law Firm will file debt claim application on behalf of Haru Invest creditors. We will communicate important dates to our clients. We will close our submitting system a few days earlier on January 24, 2025 in order to make sure we file on time. - Application Link: https://decentlaw.io/en/haruinvest - Submission Deadline: January 24, 2025 (Korean Standard Time) For any inquiries or assistance, please contact us promptly to ensure a smooth filing process.
2024-12-06
