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‘Dead’ South Korean crypto fraudster resurfaces and pays back victims
A South Korean crypto fraudster who was declared dead has resurfaced — and repaid most of his victims. Seoul prosecutors said they restored the legal identity of a man who had been treated as deceased under domestic law, enabling the sale of his frozen cryptocurrency assets and the repayment of about $60,000 to victims of his investment scam, local media outlet Yonhap reported on Wednesday. After committing a major crypto fraud, the man fled to Cambodia in June 2019, the publication reported. At the request of family members, a Korean court issued a formal declaration of disappearance. Under South Korean law, that ... (full story)