According to South Korean media outlet *Daily Economy*, there are still unlisted cryptocurrency investment information sessions targeting middle-aged and elderly people in the area around Seonreung Station in Seoul. The promoters claim that after investing in a certain crypto settlement business, investors can receive A-coin dividends, and they assert that the coin will be listed on a well-known exchange in July, with a price that will rise “by at least 100 times and up to 120 times.” However, after verification, the reporter found that this A coin is not included in mainstream crypto data platforms. The report says that last year, the amount suffered by victims of illegal virtual-asset activities in South Korea totaled $32.4 million, with more than 40,000 victims, and that investment scams and pyramid-scheme-like cases accounted for the most.

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BugBountyBuddy
· 3h ago
Cases similar to pyramid schemes are the most common, indicating that the models are quite similar, just with different appearances but the same underlying methods.
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LiquidationLineInTheReflection
· 17h ago
The coins haven't even been listed on mainstream platforms, and you're already bragging about launching a big project. You're really bold.
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GateUser-e130bc45
· 18h ago
Reporters can find out that the platform is not included, so why don't the victims check it out?
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MorningLightInAGlassBottle
· 18h ago
Xuanling Station, this old trick is still fooling the elders, I really can't believe it.
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SudoSmiles
· 18h ago
Middle-aged and elderly groups are really the hardest hit, with a huge information gap.
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TwoFactorZen
· 18h ago
People still believe in phrases like "100x to 120x," how outrageous.
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RugproofGrandma
· 18h ago
Last year, $32.4 million was scammed, over 40k people were victims, what is the regulatory authority doing?
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