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, which涉嫌违反《特定经济犯罪加重处罚法》, to the Seoul Metropolitan Police Agency Financial Crime Investigation Unit. 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, involving an alleged scam of 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, which涉嫌违反《特定经济犯罪加重处罚法》, to the Seoul Metropolitan Police Agency Financial Crime Investigation Unit. 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, involving an alleged scam of about 900 billion KRW. He was released on bail in March 2025 and is currently undergoing trial without detention.