Police Decision of Non-Referral in Crypto Exchange Fraud Case

Client Information

Individual / Suspect
 

Case Details

The Decent Law Firm Virtual Asset Task Force successfully defended a client accused of fraud related to cryptocurrency investment solicitations. Through proactive legal advocacy during the investigation stage, we secured a "No Suspicion" decision, preventing the case from being transferred to the prosecution.

The client, a professional in the investment sector, was sued by acquaintances after introducing them to a specific virtual asset exchange. The accusers claimed that the client colluded with the exchange to promote an unregistered platform, promising a 30% deposit bonus and guaranteed withdrawals without the intent or ability to fulfill those promises. The case involved USDT worth approximately 18 million KRW.

1. Meticulous Evidence Analysis & Fact-Finding
Our task force conducted a deep-dive analysis of the Telegram chat logs submitted as key evidence by the accusers. We successfully argued that the screenshots were manipulated—specifically, that the sender information had been deleted or edited—making it impossible to identify the actual participants. We systematically demonstrated that the evidence was insufficient to prove any deceptive act by our client.


2. Comprehensive Support Throughout the Investigation
We provided end-to-end support to ensure the client maintained a consistent and detailed narrative during police interrogations. We emphasized three key facts:

• The client had no direct contact with the accusers regarding the investment.

• The exchange was introduced only upon the request of a third party.

• The client had personally tested the exchange’s operations and withdrawals beforehand to verify its legitimacy.


3. Submission of Specialized Legal Briefs
We submitted a comprehensive legal opinion refuting each statutory element of fraud: deception, error, act of disposition, and fraudulent intent. We highlighted that there was no evidence identifying the client as the primary agent of deception and emphasized the client’s clean criminal record.