Currency of the future?' A suspicious study group emerges.
As the virtual asset market becomes active again, illegal virtual asset companies are once again on the rise. Fraudulent coin investment recruitment groups, which had disappeared for some time, have reappeared on university campuses. This is a special report by reporter Lee Min-jae.
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Jin Hyun-su, managing partner at Decent Law Firm: "Although key executives have been arrested, the business structure continues through other successors. (In Korea as well, there have been victims of A-coin), and recently, multi-level marketing (MLM) recruiters have resumed their activities and are conducting business."
According to the National Police Agency's Economic Crime Investigation Unit, illegal multi-level marketing schemes related to virtual assets have been increasing every year. However, last year's losses were lower than the previous year, likely due to the drop in the price of virtual assets like Bitcoin at that time.
Nevertheless, concerns are rising that with growing optimism about a bullish market for virtual assets, the amount of financial damage could increase again. Experts are warning that with the easing of social distancing measures, cases targeting students and the elderly may increase, urging caution.
