Solana Meme Coin Surges 6,000% After Creators Arrested Over 'Rug Pull'
The charges against the CatFi creators mark the first time South Korean prosecutors have applied the new Virtual Asset User Protection Act.
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The charges against the CatFi creators mark the first time South Korean prosecutors have applied the new Virtual Asset User Protection Act.
South Korean prosecutors charge 5 people in a CATFI memecoin rug pull case. About 256 investors lost roughly $650K after the CATFI token crashed. CATFI token surged 1,000x before liquidity was drained and the price collapsed. South Korean prosecutors have arrested and charged a group of individuals linked to the Solana-based CATFI memecoin over an […] The post South Korea makes first DEX rug-pull arrests in Solana CATFI case appeared first on CoinJournal.
South Korean prosecutors reportedly charged a group over the CATFI memecoin rug pull, marking the country’s first DEX rug-pull case under crypto law.
South Korea charges CATFI operators in its first DEX rug pull arrest after a Solana meme coin scheme caused $260k in illegal gains.