According to News1, Korean police confirmed that due to the "Cheongdam-dong Stock God" Lee Hee-jun's involvement in a virtual asset scam case, the Seoul Gangnam Police Station has transferred his case, suspected of violating the "Act on the Aggravated Punishment of Specific Economic Crimes," to the Seoul Metropolitan Police Agency's Financial Crime Investigation Team. The case originated from a settlement dispute with A, a representative of the PikaCoin issuer, who accused Lee Hee-jun of failing to pay approximately 18.8 billion KRW in settlement funds. Public records show that Lee Hee-jun was previously sentenced to 3 years and 6 months in prison in 2020 for illegal stock trading. After his release, he was arrested in October 2023 for issuing and manipulating three tokens, including PikaCoin, suspected of a scam worth about 900 billion KRW. He was released on bail in March 2025 and is currently undergoing trial without detention.
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According to News1, Korean police confirmed that due to the "Cheongdam-dong Stock God" Lee Hee-jun's involvement in a virtual asset scam case, the Seoul Gangnam Police Station has transferred his case, suspected of violating the "Act on the Aggravated Punishment of Specific Economic Crimes," to the Seoul Metropolitan Police Agency's Financial Crime Investigation Team. The case originated from a settlement dispute with A, a representative of the PikaCoin issuer, who accused Lee Hee-jun of failing to pay approximately 18.8 billion KRW in settlement funds. Public records show that Lee Hee-jun was previously sentenced to 3 years and 6 months in prison in 2020 for illegal stock trading. After his release, he was arrested in October 2023 for issuing and manipulating three tokens, including PikaCoin, suspected of a scam worth about 900 billion KRW. He was released on bail in March 2025 and is currently undergoing trial without detention.