According to South Korean media Money Today, the First Financial Investigation Department of the Namji Prosecutor’s Office in Seoul, South Korea has prosecuted the former Coinone executive Jeon of the encryption exchange on suspicion of corruption, and will conduct pre-arrest interrogation on the suspect on the morning of the 10th. Jeon is accused of accepting bribes from virtual currency brokers Go and Hwang Aunt in 2020-2021 in exchange for listing "Kimchi Coin", one of the tokens that allegedly bribed Jeon to launch, P Coin, in the recent Gangnam incident in Seoul. Appears in kidnapping and murder incidents. P Coin was founded in 2020. The main culprit, behind-the-scenes, and victim of the Jiangnan kidnapping and murder case are all P Coin investors.