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According to South Korean media outlet "Daily Economy," there are still unlisted cryptocurrency investment seminars targeting middle-aged and elderly people around Seonreung Station in Seoul.
Salespeople claim that investing in a certain crypto settlement service can earn A coin dividends, and they assert that the coin will be listed on a well-known exchange in July, with the price "at least 100 times, up to 120 times" higher.
However, reporters found that the A coin is not listed on mainstream crypto data platforms.
The report states that last year, the amount lost to illegal virtual asset activities in South Korea reached $32.4 million, with over 40k victims, mostly involving investment scams and pyramid-like schemes.