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The CEO of South Korean crypto alternate Bitsonic, Jinwook Shin, has been arrested by police on expenses of stealing investments and deposits from alternate customers. Shin is accused of manipulating cryptocurrency costs and buying and selling quantity on Bitsonic, allegedly stealing $7.5 million from customers. Even after liquidity points and withdrawal limitations, Bitsonic’s CEO continued providing crypto to new purchasers. South Korea has established an interagency investigation unit to fight cryptocurrency crimes and shield buyers.
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